Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $255,000, Annual capital growth 2.29%, Number of sales 696, Weekly median advertised rent $290

Mildura Unit: Median price $186,000, Annual capital growth 2.15%, Number of sales 135, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$255,000 $186,000
-1.92% 0.00%
0.00% 4.64%
2.29% 2.15%
$290 $220
696 135
5.91% 6.15%
65.29 60.4

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Mildura VIC
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
Chart Table
Recent sales & rentals