Mildura is a well-populated suburb in Victoria within the Mildura local government area (postcode 3500). With a population of 34,565, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $67K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Mildura stand at $479,000, having increased by 4.1% over the last twelve months. Units have a median price of $355,000 (+10.8% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.0%. 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 14,324 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.0% (moderate yield). Property prices sit below the state median ($479K/$850K), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +4.1% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.