Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $260,000, Annual capital growth 2.19%, Number of sales 673, Weekly median advertised rent $295

Mildura Unit: Median price $180,000, Annual capital growth 1.31%, Number of sales 139, 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 9.78% over the last 12 months.

If we look at median property appreciation over just the last three months, Mildura has given property investors a paper return of 0.00%. This puts Suburb as 548 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Mildura should be aiming for at least -7.22% off the asking price, which is the average vendor discount being achieved at the moment.

Mildura, 3500 ranked 300th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mildura is one of 2098 in our list for VIC

While Mildura,3500 ranked number 309th in VIC for increase in median house value (annualised) increase, it is ranked 200th over the last 5 years.

Mildura3500 is located in VIC which offers an average discount of -4.95% to property investors. Mildura itself is showing figures that indicate -7.39% is the average achievable by property buyers investing in the suburb.

Metrics i HOUSE UNIT
$260,000 $180,000
0.00% -2.70%
1.36% -2.70%
2.19% 1.31%
$295 $225
673 139
5.90% 6.50%
66.82 59.43

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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