Mildura is in the bottom 20% in VIC when comparing median price capital growth over the last year. Mildura gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.00%.
Over the longer term, Mildura has seen property prices show investors a 12.33% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Mildura is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 132th in terms of most discounted suburbs in VIC
In the last year 696 properties changed hands in Mildura, which puts it as the 6th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $290 weekly from the median priced house in this suburb.
VIC has seen average median house prices change by 2.98% which means that Mildura, 3500 has done well for property investors by showing a capital gain of 4.64% over the last year
The five-year average increase in median property values for Mildura,3500 has given property investors a potential capital gain of 16.98% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Mildura is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 42th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $220 and the average annual increase in value of a median property of 2.15%, investors should hope to achieve an overall return of 6.15%