Property value increases in Mildura have tracked lower than the VIC average of 10.43% over the last 12 months.
Mildura,3500 was ranked 2670 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Mildura is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 127th in terms of most discounted suburbs in VIC
At number 1414 in a list of fastest selling suburbs, Mildura is in the TOP 40% of suburbs in Australia with an average of days on market 66.99 for properties listed there.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 1.97%, investors should hope to achieve an overall return of 5.90%
If you compare the increase in value of investment property in Mildura, 3500 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.97%.
Mildura,3500 has offered an average of -2.97% return per annum in house price rises to property investors over the last three years.
Mildura, 3500 is offering VIC ‘s 27th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
Using the current median advertised rental of $225 and the average annual increase in value of a median property of 1.23%, investors should hope to achieve an overall return of 6.52%