Would You Invest 8 Hours Away From Melbourne CBD?

Suburb Details:

With a modest population of around 35,000, Mildura has delivered substantial gains for investors in the past. However, as we know, past performance doesn’t guarantee future results—but it does offer valuable insights. While I typically avoid investing in smaller markets with populations below 40,000, those with a higher risk tolerance may find Mildura worth considering. The area presents ample opportunities to secure properties under $450,000, making it an attractive option for investors with a smaller budget. Many members of my private community have expressed interest in Mildura’s future prospects, so I’ve explored the key factors in this article. Dive in to learn whether this regional hotspot aligns with your investment strategy!

Key Data Metrics

_{*Note: Data derived from either DSR, Suburbs Finder or HTAG depending on reliability and availability of metrics. This is only a guide and best to cross-reference with other sources.}

Location & Infrastructure

Mildura is a regional city in northwest Victoria, located on the banks of the Murray River, approximately 540 kilometres from Melbourne. It serves as a hub for the surrounding Sunraysia region. Key infrastructure includes Mildura Base Public Hospital, a range of primary and secondary schools, and tertiary options like La Trobe University’s Mildura campus. Retail and commercial needs are met by the Mildura Central Shopping Centre and the city’s vibrant CBD. The Mildura Airport provides regional flights, connecting the area to Melbourne and Adelaide. The city is well-serviced by road networks, including the Sturt and Calder Highways. Recreational amenities include parks along the Murray River and facilities for water sports and tourism.

Economic Diversity & Jobs

Mildura, located in northwest Victoria, has a diverse economy driven by agriculture, tourism, manufacturing, and retail. Agriculture is a cornerstone, with the region producing over $500 million annually in horticulture, particularly citrus, table grapes, and almonds, making it one of Australia’s leading food bowls. Tourism also plays a significant role, attracting around 500,000 visitors annually, contributing over $150 million to the local economy. The Mildura region supports a workforce of over 20,000, with employment spread across agriculture, healthcare, retail, and construction. Manufacturing, particularly food processing, is another key sector, leveraging the area's agricultural output. Mildura’s unemployment rate is close to the national average, reflecting steady economic activity and job diversity.

Other Important Factors:

The days on market are trending upward, while the stock on market has remained flat. This is a sign that the market may be cooling off. For investors, this indicates a shift in buyer demand. However, as interest in regional Victoria begins to rise, market sentiment could quickly change due to the limited stock currently available (0.25%).

Rental yields are sitting at an impressive 5%, making this one of the highest-yielding areas in Victoria. Additionally, rents have been increasing rapidly, driven by a significant shortage of rental properties. This lack of supply is expected to keep demand high and push rent prices even higher in the near future.

While there is ample developable land in the area, which could potentially impact house price growth if mass developments were to occur, current conditions show very low building approvals. For now, this is not a significant concern and is unlikely to affect the market in the short term.

Nearby Major Projects:

• Major Projects - Link

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Mildura✅ 

• Great history of strong price growth (not cyclical for a smaller market).

• Economically diverse and does not depend on one industry.

• Strong rental yields for Victoria (5%).

• Good renter to owner occupier ratio.

Con’s Of Investing In Mildura❌ 

• 10 Year average growth is sitting at 10.5%/year.

• Days on market is trending up and stock on market is flat.

• Small population size.

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_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}