Mildura Spring 2024 Property Market Update

Welcome to our August Mildura Property Market update & welcome to Spring in Sunraysia! We've finally shaken off the winter chills and our office has been flat out for the past 5 weeks with lots of sales and buyer interest. The Mildura property market remains buoyed by low stock levels and very tight rental conditions, with vacancy rates around 0%, which has kept prices stable. While there is sensitivity in the market, especially for properties priced above $650,000, homes that are well-priced continue to sell very well!

As the region heads into Spring, which always starts in August here, we are seeing the local market already picking up as the weather improves and buyer activity increasing significantly. This period is often seen as the optimal time for sellers, with properties expected to perform well if they are marketed effectively​ (make sure you speak to Amanda & Tim first)!

Overall, both residential and commercial properties in Mildura are attracting strong interest, particularly from interstate buyers, with ongoing demand driven by the area's appeal as a blend of urban and rural lifestyle which all of us locals love!