Mildura Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW In Q1 2025, Mildura* recorded a median house price of $482,500 and a median unit price of $344,500. This represents an annual (Q1 2024 – Q1 2025) price growth of 1.0% for houses and 8.3% for units. Comparing Q1 2024 and Q1 2025, total sales grew by 15.4% (to 165 sales in Q1 2025) for houses and by 14.6% (to 47 sales in Q1 2025) for units. This confirms a highly-demanded market for both property types and an ideal time for owners to capitalize on their investments. Furthermore, the upcoming supply is limited to infrastructure projects, with no new dwellings or townhouses or units in the pipeline. Thus, home buyers need to act fast.
CHANGE FROM LAST
YEAR
Mildura£ plans to see approximately $525.3M of new projects commencing from 2025 to 2026.
Infrastructure
HALF YEAR
$525.3M
HOUSE SALE S HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
A key focus on infrastructure projects will improve liveability for residents and create local jobs during the construction phase. This can have an impact on the real estate market, as more people may choose to live in Mildura*. This can lead to a higher demand for housing stock.
UNIT SALE S UNIT ME DIAN PRICE UNIT RE NTAL PRICE
Key infrastructure projects include: •
$
Mildura Base Public Hospital Redevelopment (Victoria State Government)
•
MARKET CONDITIONS
Mildura Multi-Disciplinary Centre (Victoria State Government)
•
Mildura Sporting Precinct Landscaping Works Stage 2 (Local Government)
•
Mildura Social Housing Dwellings (Victoria State Government – 6 x 1-bedroom dwellings).
MEDIAN PRICE Q1 2025
$482K
$344K
MEDIAN PRICE Q1 2025
$485
SALES
AVERAGE DAYS ON MARKET Q1 2025
51
51
HOUSE
U N I T
RENTALS
$350
AVERAGE DAYS ON MARKET Q1 2025
24
21
HOUSE
U N I T
No residential projects are planned in 2025 and 2026, thus, there are no new houses or units the horizon. And yet, higher sales numbers in the past 12 months to Q1 2025 reflects strong and sustainable market demand. The widening gap between demand and supply will most likely drive-up median prices across all property types. Because of this, home buyers should act fast before prices rise even further and competition in the market becomes more intense.