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Mildura, VIC 3500

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mildura, VIC 3500 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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Rent 

2BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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2 thoughts on “Mildura, VIC 3500”

  1. The total adult population (15 years or older) of Mildura 3500 VIC is 28,305, with a median age of 39. Of those, 41.70% are married, 14.27% are divorced or separated, 37.53% are single and 6.51% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,540. The median monthly mortgage repayment for households in this suburb is $1,300 which is 19.88% of their earnings.

    Source: ABS Census Data (2021)

  2. Analysing Mildura’s Property Market

    As real estate investors, it is crucial to examine various suburbs and towns using real estate data to identify the best investment opportunities. In this article, we dive into the property market of Mildura, a town in rural Victoria, Australia. We will analyse its the cash flow potential, its affordability, and capital growth prospects to determine whether it is a suitable investment choice.

    Mildura is a town well-positioned for a cash flow strategy. Its yield is nearly 5%, making it a fairly lucrative option for investors. Both typical values and rents have grown in the last year, at 3.29% and 6.35% respectively.

    The affordability factor also plays a significant role in attracting investors. With typical property values below $500k, Mildura’s low entry cost offers investors the opportunity to leverage capital growth. Considering the limited number of areas in Australia with such affordability, it is expected that this area will attract considerable interest.

    Risk and Cash Flow Scores

    Mildura features a very high Low Risk Score, indicating that the risk of jeopardizing investment returns is minimal. Additionally, the town has an impressive Cash Flow Score of 97, placing it within the top 3% of areas within Australia for cash flow potential. When comparing typical values expressed in thousands to rent, the figures appear to be relatively close. This suggests that Mildura’s market will likely experience more growth in the capital growth domain rather than purely cash flow, making the area also suitable for a balanced investing strategy.

    Property Market Fundamentals

    An analysis of Mildura’s property market reveals a steady and sustainable trend in growth. Factors such as population, demographic employment, and business centres have contributed to the town’s continued progress. Mildura has not experienced negative growth since 2010, which further supports its healthy market fundamentals and indicates the presence of a diversified industry in the town.

    Supply and Demand

    The supply and demand equation in Mildura appears balanced, potentially slightly favouring demand. The current data suggests that a reduced demand will counter increasing supply, thus maintaining market balance. In the past decade, Mildura has experienced a growth of 120%, doubling its property values in one property cycle.

    Building approvals in Mildura stand at a moderate 0.44%, maintaining a balance in the supply side of the market. The town’s decreasing vacancy rate and stable days on market also contribute to a favourable investing environment in Mildura.

    Conclusion

    When looking at real estate data, Mildura presents an attractive investment opportunity, particularly for those considering a cash flow strategy. Its affordability, balanced market, and sustained growth are appealing factors for potential investors. It is important to consider the context of the overall Australian property market and continuously analyse various suburbs and towns for the best investment choices.

    To eliminate the impact or low IRSAD, investors should look for areas in Mildura with greater appeal.

    By utilizing real estate data and monitoring property markets, investors can make well-informed decisions and maximize returns on their investments. Stay updated on the latest trends and industry news by following experts in the field, and don’t hesitate to ask questions or seek advice from knowledgeable sources.

    If you’re considering investing in the property markets, don’t overlook Mildura as an option. Its affordability, growth potential, and healthy market fundamentals make it an excellent choice. Happy investing!

  3. The suburb of Mildura, postcode 3500, is nestled in the state of Victoria and is estimated to house approximately 19,175 households. As we delve into Q3 of 2023, typical property prices for houses in Mildura are reported to be around $419,694. Coupling these prices with a median weekly rent of $385, Mildura presents an indicative yield of 4.77% for property investors – an attractive offset for those focusing on cash flow.

    In terms of socio-economic factors, Mildura holds an IRSAD score of 909 out of a possible 1217. This indicates relatively high income levels, socio-economic resources, and access to skilled professions – a beneficial attribute for potential residential interest.

    The rental market in Mildura stands with a renter to owner ratio of 37%. While it exceeds the preferable threshold of 30%, it remains below the questionable cut-off of 45%. This balance indicates a moderate rental market – not overly saturated which helps maintain its appeal and profitability for rental investments.

    An encouraging statistic for landlords is the units to houses ratio which sits at a low 9%. This ensures a lower rate of competition among landlords for tenants, which consequently supports stable or increasing rental yields. As an additional benefit, suburbs with a lower proportion of units like Mildura generally attract a higher proportion of families, leading to potentially longer tenancy periods.

    The suburb showcases an affordability index of 25 years. This measurement, lower than the standard 30-year mortgage assumption, suggests greater property affordability for residents – a favourable position for both sellers and buyers.

    With regards to supply metrics, Mildura reports a low stock on market Percentage of 0.27%. This statistic translates into limited supply in the property market, thus favourably positioning it for sellers. The inventory level for houses tags along at a mere 0.82 months – reinforcing the notion of Mildura as a low supply market.

    The building approvals Ratio for houses in Mildura is a low 0.5% indicating limited new inventory – keeping the property market demand and supply metrics in check.

    Properties marked ‘for sale’ in the suburb average 31 days on the market. This swift turnover indicates a high demand, which along with the low supply, further elevates Mildura as an attractive property market. The overall vacancy rate is a low 0.97%, demonstrating a significantly high demand from renters – a highly favourable trait for landlords and investors.

    Furthermore, the buy search index for houses stands at a neutral 3. While it may not indicate an overflowing demand, it does not suggest a lack thereof, holding within acceptable market conditions.

    To conclude, while some metrics may appear challenging, Mildura’s low supply and comparatively high demand combined with the promising yield rate and affordability factor, make it attractive for potential investors and buyers. As always, a broader view of investment decisions, encompassing more than 80 metrics like the one suggested by HtAG Analytics through the RCS (Relative Composite Score), could provide a comprehensive evaluation of the property market situation.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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