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6 MIN READProperty Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
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MilduraMildura - SUBURB PROFILE REPORT
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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 4.59% growth over a ten-year period. It ranks 2210th on our list of suburbs that property investors should look into.
MILDURA, 3500 in VIC belongs to the local government area of Mildura (RC).
MILDURA, 3500 has a capital gain of 10.24% for the past year, which is higher than average compared to its 36.19% growth within a five-year period.
With the median home price in MILDURA sitting at $350,000, and the average rent at $350, property owners could potentially earn a 5.2% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $350,000 | $236,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.57% | 0.43% |
| Median 12 month | 10.24% | 7.27% |
| Median 3 years | 32.08% | 18.59% |
| Median 5 years | 36.19% | 31.11% |
| 10 years average annual | 4.59% | 2.96% |
| Weekly media advert. rent | $350 | $290 |
| Time on Market | 37.3 days | 29.1 days |
| Gross Rental Yield Percent | 5.2% | 6.39% |
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