Thinking about buying in Millgrove? Now could not be a better time, with 882 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $647,000 with prices in this suburb ranging from $104,000 to $1,774,000. The aproximate distance to the coast is 53 Km.

Millgrove Real Estate Market Outlook

In Millgrove there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Millgrove due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Millgrove provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Millgrove requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. With very low industrial sector presence in Millgrove the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Millgrove

	5 VALERIE ST, MILLGROVE, VIC, 3799	3	1	1	$620,000 - $650,000
	32 WONGA RD, MILLGROVE, VIC, 3799	5	2	2	$1,100,000 - $1,200,000
	16A HODGE CT, MILLGROVE, VIC, 3799	3	1		$590,000 - $640,000
	37 CARROLL AV, MILLGROVE, VIC, 3799	4	1	1	$590,000 - $640,000

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General Points of Interest

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