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 2.43% growth over a ten-year period. It ranks 2793rd 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 1.92% for the past year, which is lower than average compared to its 17.26% growth within a five-year period.
With the median home price in MILDURA sitting at $265,000, and the average rent at $290, property owners could potentially earn a 5.69% 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 steady increase in median property prices over a five-year period in MILDURA, 3500 translates to a 15.41% capital gain.
Property investors enjoyed capital gains of 3.54% over the last 12 months in MILDURA, translating to lower returns compared with its peers in VIC.
MILDURA, 3500 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $190,000.
Profits due to an upward trend in home prices in MILDURA, 3500 averaged 5.14% per annum over a 3-year period.
Home owners selling their properties and realtors in MILDURA usually have to wait an average of 53.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $230 mark, reflecting a 6.29% increase in returns based on the current median price in MILDURA.
MILDURA, 3500 places 210th in Australia based on median property value growth during the quarter.