mildura
3500, Victoria
Real Estate & Property Information
mildura Suburb Profile & Review
You will find Mildura in the Sunraysia region, on the banks of the Murray River. A vibrant regional city known for its wineries and fruit production, Mildura straddles the NSW border and serves as a gateway to the outback and South Australia's Murray Riverland region.
Mildura's Murray riverfront is always dotted with houseboats and historic paddlesteamers. In the heart of the city on Langtree Avenue, there is a pedestrian mall, while Centro Mildura is a colourful shopping centre on Fifteenth Street and Deakin Avenue. Families, kids and adults are spoilt when it comes to entertainment. They can enjoy a round of mini-golf at Putt Putt Mildura, rollerskate at Sun City Rollerama, or go kayaking, water-skiing and fishing on the Murray. Mildura's annual cultural festivals, including the Mildura Country Music Festival and the Jazz Food and Wine Festival, attract legions of tourists every year.
Students have no need to leave the region if they want to study at a tertiary institution. La Trobe University and the Sunraysia Institute of TAFE both have campuses in Mildura. V/Line bus services connect Mildura to parts of Victoria and southern NSW, while the Stuart Highway leads into South Australia. Mildura Airport has daily flights to both Melbourne and Adelaide.
mildura Demographic Data
$ 222,000 Median House Price
343 Minutes Average Commute
39 Median Age
50,979 Population
51.01 % Female
48.99 % Male
13444 NO OF FAMILIES
2.0 AVG CHILDREN PER FAMILY
0.9 AVG MOTOR VEHICLE PER DWELLING
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in mildura, Victoria.
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mildura Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
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mildura Market Property Types
- 85 % Seperate House
- 5 % Semi Detached
- 8 % Flat or Unit
- 2 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
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mildura Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
mildura Income & Mortgage Stats
- $ 878 Median Weekly Household Income
- $ 1,268 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in mildura
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
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mildura Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
mildura Sold Property Prices
108 BURROWS STREET
3 STEPHANIE STREET
10 DUNEDEN CLOSE
14 RENSHINKAN COURT
314 Tenth Street
38 WALNUT AVENUE
mildura Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
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mildura Cafes
- Rumour's Cafe79 Langtree Avemildura VIC 350003 5022 2926
- Sweet Lily Tea Room37 Pine Avenuemildura VIC 350003 5023 2781
- Pepa's Cafe126a Eighth Stmildura VIC 350003 5023 2131
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