Over the last year, property investments in Mildura, 3500 have given investors a capital gain of 4.00%. This compares badly with the 8.23% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mildura has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Mildura is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 130th in terms of most discounted suburbs in VIC
In the last year 648 properties changed hands in Mildura, which puts it as the 7th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Mildura, 3500 is in the Mildura local government area.
Over the last year, property investments in Mildura, 3500 have given investors a capital gain of 8.82%. This compares favourably with the 4.09% for VIC as a whole.
While Mildura,3500 ranked number 67th in VIC for increase in median house value (annualised) increase, it is ranked 178th over the last 5 years.
Property buyers and investors in Mildura 3500 should be seeing an average reduction in asking price of around -6.33% . This means that Mildura is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $220 and the average annual increase in value of a median property of 1.89%, investors should hope to achieve an overall return of 6.18%