Suburb Profile Report for Mildura VIC (3500)

Mildura House: Median price $310,000, Annual capital growth 4.31%, Number of sales 624, Weekly median advertised rent $340

Mildura Unit: Median price $222,000, Annual capital growth 3.89%, Number of sales 100, Weekly median advertised rent $270

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

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

  • House Report
  • Unit Report

Over the last year, property investments in Mildura, 3500 have given investors a capital gain of 6.16%. This compares favourably with the 4.41% for VIC as a whole.

Mildura,3500 was ranked 1689 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Mildura itself are offering an average vendor discount of -5.50% to real estate investors.

In the last year 624 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 $340 weekly from the median priced house in this suburb.

Mildura is in the bottom 30% in VIC when comparing median price capital growth over the last year. Mildura gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.37%.

While Mildura,3500 ranked number 302th in VIC for increase in median house value (annualised) increase, it is ranked 120th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mildura, 3500. Typically our figures indicate that -6.06% is being offered, which puts this VIC suburb at 460th most discounted overall in Australia.

The VIC suburb of Mildura, 3500 is in the Mildura (RC) local government area.

Metrics i HOUSE UNIT
$310,000 $222,000
1.64% -0.67%
6.16% 1.37%
4.31% 3.89%
$340 $270
624 100
5.70% 6.32%
51.3830275229358 55.0263157894737

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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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