Mildura — In-Depth Residential Market Report (Dec 2025)

Mildura’s residential market ended 2025 on noticeably firmer ground. PRD’s mid-late The median house price is currently close to $550,000 and the median unit price near $350,000, representing double-digit annual gains for houses and solid growth for units in our region. These movements reflect stronger buyer activity across the Sunraysia region through the year.

Transaction volumes have been steady rather than extreme: There has been modest increases in sales counts year-on-year in 2025, while local market commentary and CoreLogic snapshots point to Mildura punching above other regional Victorian centres for annual value growth — driven by a mix of owner-occupiers and an influx of investor interest.

The rental market remains tight and rental rates that place gross yields in the attractive 4–6% range for many property types — a drawcard for investors chasing yield outside major metros. Current median weekly rents for typical 3-bed houses sit around the A$480–A$495 per week.

So, what keeps driving our local property market? There are several factors, firstly affordability relative to Melbourne continues to lure interstate buyers and investors, particularly into nearby growth pockets such as Merbein (which recorded exceptional local gains in 2025). At the same time, supply-side constraints — limited large new residential developments and a relatively small release pipeline — have tightened available stock, supporting prices but raising concerns about longer-term affordability. Regional risk factors such as water security, agricultural sector health and tourism seasonality remain but are not currently negatively impacting our local property market.

As 2025 comes to an end and we look towards 2026, we expect mild to moderate additional capital growth if interest rates and broader economic settings remain stable. Continued investor appetite plus constrained new supply should keep upward pressure on values, though growth may moderate from the steepest 2024–25 rises as the market absorbs the recent gains. For buyers, Mildura offers long-term appeal on affordability and yield; for sellers, conditions remain favourable but timing and local micro-factors (street, proximity to services, condition) will determine outcomes. As always, if you are thinking of selling your home or investment in Mildura in 2026, make sure you speak to Tim & Amanda Aldridge at Mildura Property Advisers, the Sunraysia region’s property market sales specialists.