Bundoora and Mill Park sit in Melbourne’s outer northern corridor and represent two of the most affordable detached house markets within 20km of the CBD. Both suburbs are popular with first-time investors and families.
Median Price Comparison
| Metric | Bundoora | Mill Park |
|---|---|---|
| Median House Price | $820,000 | $780,000 |
| Median Unit Price | $490,000 | $470,000 |
| House Yield | 3.2% | 3.4% |
| Unit Yield | 4.8% | 4.9% |
| 5-Year Growth | 28% | 26% |
| GeeVee Score | 7.4/10 | 7.1/10 |
Frequently Asked Questions
Which suburb is cheaper — Bundoora or Mill Park?
Mill Park is slightly cheaper at $780,000 median house price versus $820,000 for Bundoora — a $40,000 saving with marginally higher yields.
What drives rental demand in Bundoora?
La Trobe University’s Bundoora campus with 38,000+ students creates structural rental demand for units and townhouses within the suburb, supporting yields above 4.8%.
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