Mildura Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q3 2025, Mildura* recorded a median house price of $550,000 and a median unit price of $350,000. This represents an annual (Q3 2024 – Q3 2025) price surge of 20.9% for houses and 12.9% for units. Comparing Q3 2024 and Q3 2025, total sales grew by 0.5% (to 207 sales in Q3 2025) for houses and by 9.8% (to 45 sales in Q3 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, future projects is limited to infrastructure developments, 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 $525.6M of new projects commencing from 2025 to 2026.
HALF YEAR
Infrastructure $525.6M
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 Social Housing Dwellings (Victoria State Government – 6 x 1-bedroom dwellings)
•
Eleventh Street & Koorlong Avenue Shared Path (Local Government)
MEDIAN PRICE Q3 2025
$550K
$350K
MEDIAN PRICE Q3 2025
$495
SALES
AVERAGE DAYS ON MARKET Q3 2025
34
42
HOUSE
U N I T
RENTALS
$400
AVERAGE DAYS ON MARKET Q3 2025
27
22
HOUSE
U N I T
No residential projects are planned in 2025 and 2026, thus, there are no new houses or units the horizon. Yet, higher sales numbers over the past 12 months to Q3 2025 reflect strong and sustainable market demand. The widening gap between demand and supply will most likely push up median prices across all property types. Because of this, home buyers should act fast before prices rise even further and buyer competition becomes even more intense.