Mildura is a large suburb in Victoria within the Mildura local government area (postcode 3500). With a population of 34,565, the suburb has an established demographic with a median age of 39. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Mildura is $460,000, having grown strongly 5.5% over the past year. Units have a median price of $320,000 (+1.6% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Mildura is served by 10 schools, including 5 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 957, which is around the national average of 1,000. Public transport access includes 4 rail stations, 329 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Mildura offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($460K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +5.5% year-on-year.
Mildura is a large suburb in Victoria within the Mildura local government area (postcode 3500). With a population of 34,565, the suburb has an established demographic with a median age of 39. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Mildura is $460,000, having grown strongly 5.5% over the past year. Units have a median price of $320,000 (+1.6% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Mildura is served by 10 schools, including 5 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 957, which is around the national average of 1,000. Public transport access includes 4 rail stations, 329 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Mildura offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($460K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +5.5% year-on-year.