Mildura Property Market Update - April 2025

Mildura’s property market is still going strong in April 2025, with solid demand from both buyers' agents and investors. The median house price is around $448,500, up 4.55% over the past year. Homes are selling quickly, spending an average of just 26 days on the market, with 711 properties sold in the past 12 months.

The rental market is just as competitive. Houses are renting for about $480 per week (with very strong rental market up to $650 per week), with a solid rental yield of 5.6%, while units are averaging $350 per week (with lots of demand for units up to $450 per week), offering a 6.0% yield. With rental prices climbing 15% in the past year and vacancy rates staying low, investors are seeing strong returns.

Limited new housing supply is also keeping prices stable. Building approval rates are sitting at just 1.38%, reducing the risk of oversupply and helping property values stay strong. This has kept buyers' agents busy, helping clients secure properties in a competitive market.

With a mix of affordability, solid capital growth, and strong rental returns, Mildura remains an attractive option for both investors and homebuyers. Whether people are looking to invest or settle down, the market conditions suggest there’s still plenty of opportunity in this regional hotspot.

If you are thinking of selling now or later this year, call Tim or Amanda today so we can discuss the huge amount of selling options available in this current strong residential property market!