Get a property report and suburb profile for any property in Mildura

Mildura is a regional centre on the banks of the Murray River with a strong agricultural hinterland of citrus, grapes and irrigated horticulture. The suburb combines a compact CBD and river esplanade with tree-lined streets and a mix of older cottages, mid-century houses and newer suburban developments. Its community of 34,565 people has a median age of 39 and includes farming families, long-term locals and people drawn to an outdoor lifestyle centred on boating, riverside walks and nearby cellar doors. Families make up a large share of households and about three in five dwellings are owner-occupied.

The town provides shops, schools, health services and a regional airport, and council is progressing several projects to refresh the CBD and riverfront, including Feast Street works, reconstruction of Seventh Street and a proposed Riverfront Precinct; Jaycee Park has a final concept for a riverfront playspace. There are also plans and advocacy for a redeveloped hospital, TAFE campus upgrades and airport runway works. Whether Mildura suits you will depend on whether a regional, riverfront centre with visible civic investment fits what you’re after.

Housing in Mildura sits differently depending on whether you buy or rent. On these figures, the median house price of $601,850 is about 8.9 times a typical local household's annual income at the last Census (weekly household income $1,295 × 52 = $67,340), while the median unit price of $400,000 is about 5.9 times that annual income. For renters, an average house rent of $500 a week would take about 38.6% of a typical local household's weekly income at the last Census (a sizeable share), whereas an average unit rent of $375 a week would take about 28.9% (a moderate share). Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The standout feature in Mildura over the past year is strong capital growth: median house values jumped 19.8% and median unit values rose 18.4% over the 12-month period. Those value moves are the biggest shifts in the numbers provided.

Rents rose by smaller amounts. House rents increased a modest 4.2% while unit rents climbed a solid 7.1%, so rental income grew less than property values this year and unit rents outpaced house rents. Which of those outcomes matters most depends on whether you are prioritising capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.