Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $257,000, Annual capital growth 2.75%, Number of sales 693, Weekly median advertised rent $290

Mildura Unit: Median price $187,500, Annual capital growth 1.84%, Number of sales 129, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$257,000 $187,500
-0.68% 0.00%
2.59% 10.29%
2.75% 1.84%
$290 $220
693 129
5.87% 6.10%
65.47 65.52

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
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Recent sales & rentals