VIC Registered Law Firm, LEAD Conveyancing

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Mill Park, Victoria, is one of the best suburbs to live in. This part of Melbourne has a thriving population; however, it has declined at a rate of 2.6%, dropping from 30,517 people to 29,732. Despite the drop, the property market has been doing quite well. For instance, the area has enjoyed a property gain of 4.67% over the last one year.

This rise has remained consistent over the last few years, which is a pointer to the fact that Mill Park is an investor's delight. Investing in properties here is a viable proposition as there are different emerging properties in the area ranging from houses, apartments to units.

Mill Park has a slightly aged population, with 50-59 years being the area's predominant age group. The mortgage range paid by the average Mill Park resident is $1800-$2399 monthly. So if your device is to invest in resale properties, you are in good stead to make returns on your investment. Many people in the area work professional jobs, and about 79.2% of homes in the area are owned by their owners, while the remaining houses are occupied by tenants.

Currently, Mill Park occupies position 1543 position on the list of suburbs that investors are looking to invest in. The capital gains average has remained steady over the last 60 months, with Mill Park registering consistent growth year in year out.

If you are looking for a place to settle in Melbourne, Victoria, Mill Park is a good location because it is peaceful and close to major transport routes. But for residential investment, the area is also worth it because of the positive growth projections for the future.

• The average median home price is $717,000
• The annual rental yield is 2.68%
• The capital gains recorded for the past year is much lower than the previous five years

The property market of Mill Park is quite competitive, and the volume of investment pouring into the area is huge, to say the least. However, one thing many investors fail to plan for is a conveyancing service. If you don't want to run into future issues related to your real estate operations, you need a property Conveyancing expert.

Conveyancing is the professional service involving the transfer of the title deeds of a property from a previous owner to the new owner. This transfer of property requires a lot of documentation that you are probably unaware of. However, with the help of a conveyance expert, you can get expedite the purchase or sale of a property with ease. 

A conveyancer is a legal professional who can help you prepare the necessary documents required while helping you achieve your desired outcomes. From the pre-signing contract phase to the final settlement phase, the expert will guide you through the process.

Using such a service will help you avoid

• Unnecessary delay
• Costly registration mistakes
• Breach of contract
• Potential financial loss

If you are planning to buy or sell a property in Mill Park, let a trusted outfit like LEAD Conveyancing handle all your documentation requirements

Mill Park is a suburb in the northeast corner of Melbourne, Victoria. The city is approximately 18 km away from the business district of Victoria's capital city. As of the last census conducted in the country in 2016, Mill Park recorded a population of more than 29,000 residents, a few thousand down from the data recorded in the previous census, which showed a figure well over 30,000.

This suburb shares a boundary with Epping to the north and South Morang to the south; it is also close to Rivergum and Blossom Park to the east. Other locations close to Mill Park are Thomastown and Bundoora.

The city was named after Henry Miller, who lived in the area at the start of the 19th century. Mr. Miller bred racehorses for a living and was also a dairy farmer living in a settlement that houses 65 residents. 

By the 1960'ss, the area's geography was altered as a new quarry site opened in 1964. This development transformed Mill Park from a solely agricultural town into one with a diverse economy.

Severe bushfires affected the area's growth in 1957 after the area was subdivided into a much smaller allotment. However, after the setback, the area continued to develop, with real estate locations springing up everywhere.

In addition to all these developments, several other reserves have been developed in the area. First, there is a freeway reservation area extending from the north to the south. Then an east end extends from the East of Mill Park all the way to the border of Plenty River. Finally, off Plenty River are two main paths, namely the Darebin Creek Trail and the Henderson Road Drain Train.

Suburbs close to Mill Park include

• Epping
• South Morang
• Lalor
• Thomastown
• Bundoora
• Plenty

Mill Park has more than a few interesting places you should consider visiting anytime you are in town. However, if you intend to make it your permanent residence, you can always visit any of the local attractions during your spare time. Here are lovely places in or close to Mill Park

Westfield Plenty Valley

Go shopping at Westfield Plenty Valley for your groceries and personal items. The shopping mall is located at the center of the city, and there are restaurants and cafes all around the mall just in case you intend to chill out for a while over tasty menus.

Mimosa Park

Looking for a place to relax and enjoy a quiet time? Mimosa Park is just the perfect spot. The park is rich in natural vegetation, and the air here is fresh and cool all year.

Prince of Wales Park Playground

Prince of Wales Park is a children's playground not far from Mill Park. The grounds are wide and spacious, and there are sitting areas where you can sit and relax or enjoy picnics with friends.

Other places to visit in Mill Park

• Redleaf Recreational Reserve
• Tanunda Wetlands