The post-budget guide to commercial property investing

Nichols Point

POSTAL CODE: VIC, 3501
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 0% capital gain.

The suburb also 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 $725,000.

Profits due to an upward trend in home prices there averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in NICHOLS POINT usually have to wait an average of 57.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in NICHOLS POINT.

NICHOLS POINT, 3501 places th in Australia based on median property value growth during the quarter.

Surburb overview

Nichols Point is a rural locality in north-western Victoria, approximately 545 kilometres north-west of Melbourne’s CBD and about 5 kilometres east of Mildura within the Mildura Rural City. Situated on the southern bank of the Murray River, the locality is recognised for its irrigated horticulture, riverside setting and proximity to the regional centre of Mildura. Nichols Point is located on the traditional lands of the First Peoples of the Millewa-Mallee, including the Latji Latji and Ngintait peoples.

According to the 2021 Australian Bureau of Statistics Census, Nichols Point had a population of 1,229 people with a median age of 46 years. Detached houses comprise the predominant housing type, with a mix of established family homes, rural lifestyle properties and residences associated with vineyards, citrus orchards and other horticultural enterprises. The locality supports a growing community while benefiting from its close connection to Mildura's employment, education and commercial services.

Road access is provided via the Calder Highway and local arterial roads, connecting Nichols Point with Mildura, Irymple, Red Cliffs and Melbourne. Regional bus services operate throughout the Mildura area, while Mildura Airport provides regular commercial flights to Melbourne, Adelaide, Sydney and other destinations. Private vehicles remain the principal mode of transport for residents due to the locality's close integration with the broader Sunraysia region.

Nichols Point is well served by nearby facilities, with supermarkets, medical centres, pharmacies, schools, childcare services, sporting facilities and retail businesses located in Mildura and surrounding suburbs. Residents also benefit from convenient access to Mildura's hospitals, government offices, tertiary education providers and specialist healthcare services.

Nichols Point offers a variety of recreational opportunities centred on the Murray River and its natural surroundings. Residents and visitors have access to riverfront reserves, walking and cycling paths, boating, fishing and picnic areas. Nearby attractions include local wineries, cellar doors and horticultural experiences throughout the Sunraysia region.

The locality is also within easy reach of Mildura's arts precinct, farmers' markets, festivals and the natural environments of Hattah-Kulkyne National Park and Murray-Sunset National Park, providing a diverse range of outdoor and cultural activities throughout the year.

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