Mildura Suburbs | Winter Market Insights

The Sunraysia region continues to offer attractive opportunities for investors, with changing market dynamics creating favourable buying conditions. Reduced activity from out-of-area buyer agents has opened the door for local purchasers and investors to secure quality assets in a less competitive environment.

While open home attendance has softened due to seasonal factors and local winter sporting commitments, well-priced properties continue to perform steadily. Average days on market are expected to increase by seven to 10 days, though overall demand remains stable.

The rental market is experiencing its highest volume of vacant houses in 10 to 15 years, providing renters with greater choice and placing increased importance on accurate pricing and presentation. Despite this, rental returns remain highly attractive.

Mildura units lead the market with an impressive rental yield of 5.94 per cent, a median price of $335,000 and median rent of $390 per week. Merbein units follow with a strong yield of 5.78 per cent. In the housing market, Red Cliffs delivers a yield of 5.25 per cent and a median rent of $484 per week, while Merbein returns 4.99 per cent.

Capital growth has also remained strong across the region. Nichols Point recorded house price growth of 24.21 per cent to reach a median of $930,000, while Mildura increased 21.47 per cent to $577,000.

Long-term growth is supported by Mildura’s role as a key regional service centre for agriculture, renewable energy and interstate logistics, helping position the Mallee as a resilient investment destination.

For more updates please see our latest edition of our seasonal Investor Advantage magazine.

Disclaimer: The data in this report has been sourced from Proptrack. Capital Growth statistics are based on sales over the past 12 months from May 2025 to May 2026. We discounted suburbs that had less than 10 sales. Whilst we took every care in preparing this report, Barry Plant Group accepts no responsibility for any errors or omissions. Individuals are directed to rely on their own enquiries when making investment decisions.

The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.