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Rail Extension Drives Property Values Up in Mill Park
A new rail extension approved in March is driving measurable gains in home prices along key routes in Mill Park.
How we reported this
The Mill Park Transit Corridor project cleared its final planning hurdle on 15 June 2026, with construction crews set to begin work next month on a 4.2-kilometre rail link running parallel to Redwood Avenue. Property records show median sale prices along that stretch have already climbed 14 percent since the announcement.
The upgrade connects the existing Mill Park station to a new stop at Oak Street, shortening commute times to the central business district by up to 22 minutes. Local agents report buyers now factor the improved access into offers, especially for homes within 800 metres of the planned stations.
Changes Along Redwood Avenue and Pine Road
Redwood Avenue properties near the Mill Park Community Hall have seen the sharpest movement, with three detached houses selling above asking price in the past six weeks. Further east, the Riverside Plaza redevelopment on Pine Road is drawing interest from investors who expect foot traffic from the new rail stop to boost retail rents by early 2028. The Mill Park Development Authority has confirmed that zoning changes along both corridors now permit higher-density housing within 400 metres of the tracks.
Figures released by the Mill Park Real Estate Board last week show the average sale price in the affected precinct reached $512,000 in June, up from $449,000 in the same month last year. Comparable sales outside the corridor rose only 4 percent over the same period.
Next Steps for Buyers and Sellers
Residents along the corridor can review updated property maps at the Mill Park Planning Office on Elm Street before the end of July. Those considering a purchase or sale are advised to check current listings with agents familiar with the rail alignment, as prices are expected to stabilise once construction begins in August.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.