What's In Store for The Mildura Residential Property Market Spring 2024

The Mildura residential market's anticipated growth in Spring 2024 contrasts with more stable trends in other parts of Australia. While Mildura sees strong demand and rising prices due to undersupply, larger cities like Sydney and Melbourne are experiencing more moderate growth with some areas stabilizing or cooling due to higher interest rates and increased housing supply. Mildura’s affordability and high rental yields make it particularly attractive compared to these metropolitan areas, where property prices are much higher and yields are lower​. We expect stock levels and vacancy rates to remain low, ensuring a return to traditional busy local Spring property market, much different to that experienced same time last year.