Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $257,500, Annual capital growth 2.94%, Number of sales 661, Weekly median advertised rent $290

Mildura Unit: Median price $187,500, Annual capital growth 2.00%, Number of sales 127, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Mildura is in the bottom 30% in VIC when comparing median price capital growth over the last year. Mildura gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.00%.

Across a shorter period, Mildura, 3500 has seen a median price increase of 0.35% over the last quarter.

The most recent median price for Mildura is $257500, with sellers offering an average of -7.46% off the asking price.

Mildura, 3500’s gross rental yield is 5.86%

Over the last year, property investments in Mildura, 3500 have given investors a capital gain of 13.64%. This compares very favourably with the 3.56% for VIC as a whole.

Over the longer term, Mildura has seen property prices show investors a 17.19% return over the last 3 years. This is worse than over the last 12 months

Mildura, 3500 is offering VIC ‘s 84th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

Often selling an investment property can take time, and in Mildura the average time real estate has been on the market is 58.98 days.

The VIC suburb of Mildura, 3500 is in the Mildura local government area.

HOUSE UNIT
$257,500 $187,500
0.35% 1.35%
3.00% 13.64%
2.94% 2.00%
$290 $220
661 127
5.86% 6.10%
61.96 58.98

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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
Chart Table
Recent sales & rentals