Mildura Residential Property Market Report – May 2026
The Mildura residential property market continues to demonstrate resilience and steady growth as we move through May 2026. Buyer demand remains strong across established family homes and investment properties, especially under $700,000, supported by low housing supply, tight rental conditions and the region’s affordable price point compared with major metropolitan markets. Median house prices across Mildura are now sitting around the mid-$500,000 range, with annual growth remaining positive and properties continuing to sell within relatively short timeframes.
The rental market remains highly competitive, with vacancy rates remaining exceptionally low (especially for quality homes under $600 per week) and rental yields continuing to attract investor interest. Strong demand for rental accommodation is being driven by population stability, workforce demand and ongoing regional migration trends.
Economically, the broader Sunraysia region remains underpinned by agriculture, horticulture, healthcare, retail and tourism, providing stability and extraordinary resilience despite broader national and international economic pressures. Continued infrastructure investment and lifestyle appeal are also helping support long-term confidence in the region. Overall, Mildura continues to position itself as one of regional Victoria’s more balanced and affordable property markets for both owner-occupiers and investors.
Sunraysia Market Snapshot – May 2026
Residential Property Market
- Buyer confidence remains steady across Mildura and the wider Sunraysia region
- Well-presented family homes continue attracting strong enquiry levels
- Limited housing supply is supporting stable property values
- Investment activity remains consistent due to strong rental demand
Rental Market
- Vacancy rates remain tight across the region, especially for homes under $600 per week.
- Quality rental properties are leasing quickly
- Rental prices continue to show gradual growth
- Investor interest remains strong as rental yields stay attractive
Regional Economy
- Agriculture and horticulture continue to underpin the local economy
- Strong seasonal activity supporting employment and local business confidence
- Continued infrastructure and regional development investment boosting long-term growth
- Lifestyle appeal and affordability continue attracting new residents to Sunraysia
Outlook
The Mildura and Sunraysia property market continues to demonstrate resilience and stability heading into winter, with balanced conditions creating opportunities for both buyers and investors.