Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $260,000, Annual capital growth 1.97%, Number of sales 681, Weekly median advertised rent $295

Mildura Unit: Median price $179,500, Annual capital growth 1.23%, Number of sales 143, Weekly median advertised rent $225

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Mildura have tracked lower than the VIC average of 10.43% over the last 12 months.

Mildura,3500 was ranked 2670 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Mildura is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 127th in terms of most discounted suburbs in VIC

At number 1414 in a list of fastest selling suburbs, Mildura is in the TOP 40% of suburbs in Australia with an average of days on market 66.99 for properties listed there.

Using the current median advertised rental of $295 and the average annual increase in value of a median property of 1.97%, investors should hope to achieve an overall return of 5.90%

If you compare the increase in value of investment property in Mildura, 3500 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.97%.

Mildura,3500 has offered an average of -2.97% return per annum in house price rises to property investors over the last three years.

Mildura, 3500 is offering VIC ‘s 27th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

Using the current median advertised rental of $225 and the average annual increase in value of a median property of 1.23%, investors should hope to achieve an overall return of 6.52%

Metrics i HOUSE UNIT
$260,000 $179,500
0.00% -0.28%
0.00% -2.97%
1.97% 1.23%
$295 $225
681 143
5.90% 6.52%
66.99 58.63

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 30647
Median household income ($/weekly) 854
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 4260 13.9
    25-34 years 3745 12.2
    35-44 years 3927 12.8
    45-54 years 3896 12.7
    55-64 years 3437 11.2
    Others 11383 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 9837 45.8
    Not Married 9487 44.2
    Defacto Relationship 2161 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 24854 87.1
    Japan 408 1.4
    Papua New Guinea 303 1.1
    United Kingdom 605 2.1
    Other 805 2.8
    Others 1563 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 241 0.9
    Christianity 18620 68.4
    Islam 808 3.0
    Other Religious Groups 148 0.5
    No Religion 7263 26.7
    Others 162 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 1086 10.3
    $400-$599 1610 15.3
    $600-$799 1312 12.5
    $800-$999 1107 10.5
    $1,500-$1,999 1099 10.5
    Others 4287 40.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 9330 41.4
    Employed, worked full-time 7504 33.3
    Employed, worked part-time 3936 17.4
    Unemployed, looking for work 999 4.4
    Employed, away from work 789 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2152 17.6
    Technicians & trades workers 1722 14.1
    Clerical & administrative workers 1540 12.6
    Sales 1514 12.4
    Labourers 1472 12.0
    Others 3829 31.3
    Occupation
    Census Count Percent(%)
    Pre-school 534 8.2
    Infants/Primary 2379 36.4
    Secondary 2052 31.4
    Technical or Further Educational Institution 810 12.4
    University or other Tertiary Institutions 536 8.2
    Others 223 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 24422 86.7
    Semi-detached, row or terrace house, townhouse 1408 5.0
    Flat, unit or apartment 2038 7.2
    Caravan, cabin, houseboat 245 0.9
    House or flat attached to a shop, office 39 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4212 37.1
    Being purchased 3637 32.0
    Fully owned 3425 30.1
    Other tenure type 90 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals