Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $305,000, Annual capital growth 4.10%, Number of sales 629, Weekly median advertised rent $340

Mildura Unit: Median price $225,000, Annual capital growth 4.18%, Number of sales 86, Weekly median advertised rent $270

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$305,000 $225,000
0.00% 1.12%
8.54% 2.74%
4.10% 4.18%
$340 $270
629 86
5.80% 6.24%
53.1622222222222 61.6197183098592

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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