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Mildura
AREA REPORTS

Mildura

Mildura - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3500

house
unit

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 4.46% growth over a ten-year period. It ranks 2043rd 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 11.29% for the past year, which is higher than average compared to its 36.63% growth within a five-year period.

With the median home price in MILDURA sitting at $345,000, and the average rent at $350, property owners could potentially earn a 5.28% 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.

Data report can be found below

Mildura
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $345,000 $226,000
GROWTH REPORT
Median Quarterly 2.99% 2.73%
Median 12 month 11.29% 1.12%
Median 3 years 31.24% 16.49%
Median 5 years 36.63% 25.56%
10 years average annual 4.46% 3.14%
Weekly media advert. rent $350 $280
Time on Market 44.5 days 29.7 days
Gross Rental Yield Percent 5.28% 6.44%
demographics (median values)*
Total Population
32738
Weekly Household Income
1023
Household Size
2.40
Age
39
Monthly Loan Repayment
1231
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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