Mildura Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Mildura* recorded a median house price of $600,000 and a median unit price of $452,500. This represents an annual (Q1 2025 – Q1 2026) price surge of 23.7% for houses and 27.5% for units. Comparing Q1 2025 and Q1 2026, total sales grew by 14.8% (to 194 sales in Q1 2026) for houses and declined by -16.7% (to 35 sales in Q1 2026) for units. This confirms a highly-demanded market for both property types and an ideal time for owners to capitalize on their investments. Further, future projects are limited to infrastructure projects, without any 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 $519.4M of new projects commencing from 2025 to 2026.
Infrastructure
HALF YEAR
$519.4M
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:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$600K
$453K
MEDIAN PRICE Q1 2026
$520
SALES
AVERAGE DAYS ON MARKET Q1 2026
32
40
HOUSE
U N I T
RENTALS
$400
AVERAGE DAYS ON MARKET Q1 2026
27
25
HOUSE
U N I T
•
Mildura Base Public Hospital Redevelopment (Victoria State Government)
•
Mildura Social Housing Dwellings (Victoria State Government – 6 x 1-bedroom dwellings)
•
Eleventh Street & Koorlong Avenue Shared Path (Local Government)
At present, there are no residential projects planned in 2025 and 2026. This suggests that there are no new houses, townhouses, units, or vacant land lots in the horizon. Yet, there has been higher sales numbers over the past 12 months to Q1 2026, reflecting a highly demanded market. The widening gap between demand and supply will most likely push up median prices across all property types. Because of this, home buyers must act fast, before prices increase even further and buyer competition becomes even more intense.