The area’s stunning natural beauty, Murray River attractions and pleasant lifestyle have seen families and retirees from the city and job seekers move here in recent times.
Set in Victoria’s northwest corner, road and air links have reduced travel from this Sunraysia regional city to Melbourne, South Australia and New South Wales.
Strong population growth has driven property price growth for existing homes and House & Land packages in new estates, Barry Plant Mildura agents said.
With Covid-19 accelerating migration to regional and country areas from the city,
Mildura is among the beneficiaries of the move of younger people and families.
There are a myriad of reasons why Mildura is a good place to live.
“Mildura does not lack anything and offers a casual, country lifestyle but with city-style offerings such as trendy cafes and restaurants,” Barry Plant Mildura director Tense Venneri said.
“There are excellent health and education facilities and employment opportunities in agriculture and tourism as well.”
It is also a major food and citrus-producing area with vineyards supplying 80 per cent of Victoria’s grapes and contributing to many a good wine.
Its natural attractions are unmatched with the Murray River the epicentre of water sports, houseboats and recreation. The use of this natural asset has been further expanded with the marina and beautification of the riverfront district.
“Mildura is a beautiful area with the most hours of sunshine in the state and we have shorter winters,” Mr Venneri said.
“There is a large regional airport and you can fly easily to Melbourne, Adelaide and Sydney and there are good transport links.”
Apart from the LaTrobe University campus, the SuniTAFE Campus in Mildura has state-of-the-art facilities, childcare and kindergarten centre, large library, bookshop and a horticultural training farm.
Modern developments and new investments in agriculture and the farm sector will continue to lead to employment and other growth in the longer term and further drive the region’s economic prospects.
House sales have grown to exceed 700 sales a year over the past decade, according to realestate.com.au data.
Affordable home prices have attracted newcomers to Mildura, while cashed-up buyers are also driving development of more expensive prestige homes on larger blocks, local agents said.
With the median house price rising from $226,750 in 2012 to $335,100 in 2020 or an increase of almost 50 per cent, investors have also been active.
In August 2021, there were 64 properties for rent and 108 for sale, and Mildura has recorded a compound growth rate of 6.4 per cent for houses and 5.6 per cent for units based on five years of sales.