Check another suburbYour suburb, scored · Data as of Oct 2026
Milltown, VIC
R-Score 26 / 100 — ranked #11,383 of 15,286 suburbs this month
Current market conditions here are quieter than most
A lower score describes measured market conditions right now — not your home, your street, or where this market goes next.
Scores describe measured market conditions — not personal advice, and not a forecast.
Suburb averages hide a lot. Check how your street compares with the rest of Milltown →
Is Milltown a buy right now? Get our verdict + the 5 best streets
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Best Streets in Milltown, VIC
Compare every street in Milltown (VIC) on the Street Score →
Other High-Scoring Suburbs in Glenelg (VIC)
| Indicator | Milltown Reading | Context & Benchmark |
|---|---|---|
| Ripehouse R-Score | 26 / 100 | Ranked #11,383 of 15,286 Australian suburbs (Oct 2026) |
| Median House Price | $680,000 | +0% over the past 12 months of settled sales |
| Median Weekly Asking Rent | $435/wk | Implies a 3.3% gross rental yield at the current median price |
| Rental Vacancy Rate | 0% | Tight rental supply (below the 1.5% equilibrium threshold) |
| Median Days on Market | 480 days | Part of Glenelg (VIC) council area (LGA avg R-Score 55/100) |
Buyer's Agent & Quantitative Due Diligence
Considering buying an investment property in Milltown, VIC?
Since 2011, Ripehouse Advisory has helped Australian investors screen 15,000 suburbs and 518,000+ streets to avoid high-public-housing blocks, flood/overlay traps, and underperforming pockets. Speak with our team before you make an offer.
Milltown VIC FAQs
Frequently Asked Questions: Investing in Milltown, VIC
Is Milltown VIC a good suburb for property investment in 2026?
As of Oct 2026, Milltown (VIC 3304) scores 26/100 on the Ripehouse R-Score, ranking #11,383 out of 15,286 Australian suburbs. Current market conditions here are quieter than most. Key fundamentals include a median price of $680,000, median rent of $435/wk, gross yield of 3.3%, and vacancy of 0%.
What is the median house price and 12-month growth in Milltown VIC?
The current median property price in Milltown (VIC) is $680,000 (Oct 2026), representing a 0% change over the past 12 months. Properties in Milltown currently spend a median of 480 days on market.
What is the rental yield and vacancy rate in Milltown VIC?
In Milltown (VIC), the median weekly asking rent is $435/wk, producing a gross rental yield of 3.3%. The suburb vacancy rate is 0% as of Oct 2026.
What are the best streets in Milltown VIC?
Ripehouse Advisory scores every G-NAF street in Milltown against the suburb average for owner-occupancy, public housing, rent, and yield. Use the Milltown Street Score tool on this page to compare individual streets.
Which council area (LGA) is Milltown VIC located in?
Milltown (VIC, postcode 3304) is located in the Glenelg council area (LGA). Across Glenelg, the council-wide average R-Score is 55/100 across 52 suburbs.
R-Score and all figures are drawn from Ripehouse's research engine — 15,000 suburbs measured across 27 indicators, refreshed monthly (data as of Oct 2026). Scores describe past and current measured market conditions only. Past performance is not a reliable indicator of future performance. Nothing on this page is personal financial advice.