108/48 Oleander Drive, Mill Park VIC 3082

Mill Park unit | two-bedroom two-bathroom | secure garage balcony | strata-titled low-maintenance. This property offers a rare configuration for its price point: a two-bedroom, two-bathroom layout with a secure garage and private balcony, which is competitively scarce in Mill Park’s unit market. The open-plan living with split-system air conditioning and modern kitchen suits first-home buyers seeking low-maintenance entry or investors targeting the strong rental yield corridor of $420 to $535 per week. Its position within a strata-titled block on a 1715m² lot, with no detected overlay risks, provides a clean holding structure. The property serves best those who prioritise immediate livability and reliable tenant demand over capital growth speculation. The primary risk is the fixed date sale closing 28 May, which compresses buyer due diligence and may attract competing bids near the price guide’s upper bound, eroding initial equity. The 2015 purchase history suggests limited recent turnover data, making comparable verification essential. An opportunity lies in the suburb’s 73% auction clearance rate and 32 units sold this year, indicating liquid demand. Buyers should secure a building and pest inspection before the deadline and treat the property as a long-term hold for stable rental income, not short-term flipping.