At number 603th in the list of Australian suburbs ordered by increase in median house value over the last year, Mildura, 3500 is in the top 20% with a property value increase of 8.54% recorded in median house prices.
The five-year average increase in median property values for Mildura,3500 has given property investors a potential capital gain of 24.49% across each of those five years.
The most recent median price for Mildura is $305000, with sellers offering an average of -5.85% off the asking price.
At number 454 in a list of fastest selling suburbs, Mildura is in the TOP 20% of suburbs in Australia with an average of days on market 53.1622 for properties listed there.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.80%, without taking into account capital value appreciation, which has been averaging out at 4.10%.
Mildura is an average performer in VIC when comparing median price capital growth over the last year. Mildura gave property investors a average capital gain figure when compared to the rest of the state, with 2.74%.
If we look at median property appreciation over just the last three months, Mildura has given property investors a paper return of 1.12%. This puts Suburb as 201 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Mildura should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.
Mildura is 11th on a list of best yielding suburbs for rents in VIC with a 6.24% return