Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $257,100, Annual capital growth 2.81%, Number of sales 676, Weekly median advertised rent $290

Mildura Unit: Median price $186,750, Annual capital growth 1.98%, Number of sales 128, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 2.84% for the last year, Mildura, 3500 is the 2369th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Mildura comes in at number 445th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mildura, 3500. Typically our figures indicate that -7.37% is being offered, which puts this VIC suburb at 1085th most discounted overall in Australia.

At number 1146 in a list of fastest selling suburbs, Mildura is in the TOP 40% of suburbs in Australia with an average of days on market 64.26 for properties listed there.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Mildura, 3500 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.18%.

If we look at median property appreciation over just the last three months, Mildura has given property investors a paper return of 0.95%. This puts Suburb as 149 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Mildura should be aiming for at least -6.09% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Mildura have been waiting around 62.3 days to sell a property.

Advertised rents are around the $220 mark per week – giving a return of 6.13% based on the median price in Suburb

HOUSE UNIT
$257,100 $186,750
-1.12% 0.95%
2.84% 13.18%
2.81% 1.98%
$290 $220
676 128
5.87% 6.13%
64.26 62.3

Source: CoreLogic

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