Mildura

POSTAL CODE: VIC, 3500
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Based on its average 5-year and quarterly capital gains MILDURA, 3500 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MILDURA, 3500 obtained a 8.27% growth over a ten-year period. It ranks 1118th on our list of suburbs that property investors should look into.

MILDURA, 3500 in VIC belongs to the local government area of Mildura.

MILDURA, 3500 has a capital gain of 18.22% for the past year, which is higher than average compared to its 60.44% growth within a five-year period.

With the median home price in MILDURA sitting at $561,550, and the average rent at $510, property owners could potentially earn a 4.72% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MILDURA are low, as opposed to average gains per annum over the past five years.

Surburb overview

Mildura is a regional city in north-western Victoria, approximately 540 kilometres north-west of Melbourne’s CBD, situated on the banks of the Murray River within the Mildura Rural City. Established in the late nineteenth century through the Chaffey brothers' irrigation scheme, the city has developed into one of Victoria's largest regional centres. It is recognised for its horticultural production, tourism and strategic location near the borders of New South Wales and South Australia. Mildura is located on the traditional lands of the First Peoples of the Millewa-Mallee, including the Latji Latji and Ngintait peoples.

According to the 2021 Australian Bureau of Statistics Census, Mildura had a population of 34,565 people with a median age of 39 years. Detached houses comprise the predominant housing type, supported by established residential neighbourhoods, newer housing estates and nearby rural lifestyle properties. The city serves as the commercial, administrative and healthcare hub for the Sunraysia region, with horticulture, food processing, logistics, healthcare, education and tourism forming key sectors of the local economy.

Road access is provided via the Calder Highway, Sturt Highway and Silver City Highway, connecting Mildura with Melbourne, Adelaide, Broken Hill and regional Victoria. Public transport includes regional bus services, V/Line coach connections and commercial flights from Mildura Airport to Melbourne, Adelaide, Sydney and other destinations. Private vehicles remain the principal mode of transport, supported by an extensive regional road network.

Mildura provides a comprehensive range of essential services, including major supermarkets, shopping centres, public and private hospitals, medical specialists, pharmacies, primary and secondary schools, tertiary education facilities, government offices and a broad range of retail, hospitality and professional services. The city functions as the principal service centre for north-west Victoria and surrounding interstate communities.

Mildura offers an extensive range of recreational and cultural opportunities centred on the Murray River and its surrounding natural environment. Residents and visitors have access to riverfront parks, walking and cycling trails, boating, fishing and paddle steamer cruises. At the same time, attractions include the Mildura Arts Centre, Langtree Avenue dining precinct, local wineries and nearby Hattah-Kulkyne National Park and Murray-Sunset National Park. The city also hosts a diverse calendar of festivals, markets, sporting events and cultural activities throughout the year.

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