Mildura Property Market Guide 2026

Property prices across Mildura's 40 suburbs span from $440K to $611K, with a median sitting around $586K. This price dispersion indicates meaningful variation in market conditions from one suburb to the next.

At an LGA-wide level, Mildura sits in the affordable bracket relative to the national market. This can mean stronger rental yields but also requires attention to the depth and liquidity of the local buyer pool. Suburbs with stronger employment connectivity tend to hold value better in this price segment.

The median house price across Mildura currently sits at approximately $586K (based on 2016 rolling data), reflecting moderate price movement relative to broader state trends. This figure represents the midpoint of all suburb-level median prices within the LGA and can be influenced by the mix of transactions in any given period.

Among the suburbs showing the strongest recent price momentum are Red Cliffs and Mildura. Positive delta values in these areas suggest sustained buyer demand, though investors should assess whether the growth is driven by genuine fundamentals or short-term factors.

Prices across Mildura show relatively limited dispersion, suggesting a more homogeneous market where suburb-level differences stem more from property quality and lot size than from fundamentally different demand drivers.

Employment in Mildura is anchored by Health Care and Social Assistance, Retail Trade, Agriculture, Forestry and Fishing. This broad employment base reduces reliance on any single sector, which typically supports more resilient property demand. Local residents commute an average of 67 minutes, primarily by car, which influences which suburbs command premiums based on transport access.

Population within Mildura has been relatively stable. In markets without strong population growth, price appreciation tends to be driven more by supply constraints, infrastructure investment, and shifts in buyer preference than by raw demographic demand.

Infrastructure investment in Mildura includes 31 identified projects with a total estimated value of $1.9B. The current level of investment is modest relative to population size, which may limit transformative infrastructure impacts in the near term. Suburbs adjacent to active projects often see anticipatory price movement ahead of completion.

Supply in Mildura has been constrained, with new additions representing less than 0.1% of existing stock. Supply-constrained markets can support price growth as buyer competition intensifies, but investors should consider whether constraints are temporary (planning delays) or structural (limited developable land).

Recent development activity has been concentrated in suburbs including Birdwoodton, Cabarita (Vic.), Cardross. Understanding the supply pipeline at the suburb level is particularly important in Mildura, as localised oversupply can affect individual suburbs even when the broader LGA appears balanced.

Not all 40 suburbs in Mildura will suit the same investment strategy. The divergence across suburbs is driven by factors including median price, recent growth trajectory, proximity to employment, and local supply conditions.

Suburb-level analysis is essential in Mildura. Our detailed suburb scores factor in price trends, rental yields, vacancy rates, and demographic indicators for each of the 40 suburbs to help investors match their strategy to the right micro-market.

Risk in Mildura is less about the region itself and more about how precisely buyers select suburbs and properties.

While Mildura presents a moderate investment profile, the difference between a successful and disappointing investment in Mildura often comes down to suburb selection and timing.

Lower-priced markets can carry liquidity risk. In affordable LGAs, the pool of potential buyers is sometimes shallower, which can affect time on market and resale outcomes. Ensuring the suburb has a functioning rental market and reasonable vacancy rates helps mitigate this concern.