Mildura

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 7.72% growth over a ten-year period. It ranks 1426th 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 17.94% for the past year, which is higher than average compared to its 57.5% growth within a five-year period.

With the median home price in MILDURA sitting at $530,750, and the average rent at $500, property owners could potentially earn a 4.9% 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.

Homeowners and real estate investors betting on MILDURA, 3500 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.39%.

A steady increase in median property prices over a five-year period in MILDURA, 3500 translates to a 14.1% capital gain.

Property investors enjoyed capital gains of 13.39% 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 $360,000.

Profits due to an upward trend in home prices in MILDURA, 3500 averaged 4.7% per annum over a 3-year period.

Home owners selling their properties and realtors in MILDURA usually have to wait an average of 42.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $390 mark, reflecting a 5.63% increase in returns based on the current median price in MILDURA.

MILDURA, 3500 places 31st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$530,750	$360,000
Growth Report
Median Quarterly	3.06%	5.88%
Median 12 month	17.94%	13.39%
Median 3 years	26.37%	14.1%
Median 5 years	57.5%	62.16%
10 years average annual	7.72%	8.04%
Weekly media advert. rent	$500	$390
Time on Market	35 days	42.2 days
Gross Rental Yield Percent	4.9%	5.63%

Demographics (Median Values)*

Total Population 32738

Weekly Household Income 1023

Household Size 2.40

Average 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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