Giving property investors a an unimpressive capital gain of 10.24% for the last year, Mildura, 3500 is the 2587th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mildura has increased when compared to the 5 year average annual rate.
Mildura, 3500 is offering VIC ‘s 279th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Mildura, 3500’s gross rental yield is 5.20%
Property investors who have had real estate in Mildura, 3500 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.27%
Mildura,3500 was ranked 1247 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Mildura are currently offering property investors an average price cut of -3.22% below the asking price at the moment.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 2.96%, investors should hope to achieve an overall return of 6.39%