At number 2363th in the list of Australian suburbs ordered by increase in median house value over the last year, Mildura, 3500 is in the BOTTOM 50% with a property value increase of 2.59% recorded in median house prices.
Mildura,3500 has offered an average of 2.59% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -7.51% to buyers in Mildura at the moment, which is less than average for the rest of VIC.
Residents and property investors in Mildura have been waiting around 65.47 days to sell a property.
Advertised rents are around the $290 mark per week – giving a return of 5.87% based on the median price in Suburb
Over the last year, property investments in Mildura, 3500 have given investors a capital gain of 10.29%. This compares favourably with the 3.19% for VIC as a whole.
Comparing Mildura,3500 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Mildura is giving property investors an average Vendor Discount of around -6.76%. This puts suburb at number 55th in VIC when ranking the most discounted suburbs.
With the median price for a house in Mildura being $187500 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 6.10%