How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
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 4.29% growth over a ten-year period. It ranks 1912th 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 11.1% for the past year, which is higher than average compared to its 27.74% growth within a five-year period.
With the median home price in MILDURA sitting at $302,750, and the average rent at $335, property owners could potentially earn a 5.75% 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.
A 11.1% increase in median property prices in MILDURA, 3500 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 76th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $302,750 | $220,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.04% | 0% |
| Median 12 month | 11.1% | 4.02% |
| Median 3 years | 18.03% | 18.92% |
| Median 5 years | 27.74% | 38.58% |
| 10 years average annual | 4.29% | 3.77% |
| Weekly media advert. rent | $335 | $252.5 |
| Time on Market | 52.5 days | 73.2 days |
| Gross Rental Yield Percent | 5.75% | 5.97% |
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