Mildura — In-Depth Residential Market Report - July 2026

As we enter the new financial year, the Mildura residential property market continues to demonstrate the qualities that have made it one of regional Victoria's most resilient markets. While many metropolitan markets across Australia are experiencing softer conditions, longer selling times and greater price sensitivity, Mildura continues to benefit from affordable housing, strong local demand and a diverse regional economy. Following our "interesting" Federal budget announced a couple of weeks ago, and the negative impact this has had across most property markets across the country, our local market has continued to show strong resilliance. This combined with minimal policies announced to increase immediate supply of affordable rental property suggests this should continue. Not sure why millions of dollars can't be allocated immediately to local Councils across the country to share development costs with developers on the basis of developers selling a high percentage of land at significantly reduced price to eligible first home buyers, but I am sure the Canberra focus groups and policy makers will have the answer!

One of the strongest segments of our local market remains homes priced below $600,000. This price bracket continues to attract consistent enquiry from first home buyers, young families, downsizers and local investors who recognise the value and great yields available in the Mildura region. Quality properties that are well presented and priced appropriately continue to generate strong inspection numbers and competitive buyer interest.

Affordability remains one of Mildura's greatest strengths. Compared with many capital cities and larger regional centres where median house prices are significantly higher, Mildura continues to provide buyers with the opportunity to purchase quality homes at a price point that remains within reach for many Australians. This is despite a 30% increase in median house prices for homes under $600,000 over the past two years, which is unprecedented, even with compared COVID driven property market increases and allowing for inflation increases. This affordability, combined with solid rental returns, continues to attract both local and interstate investors looking for long-term value.

Our rental market also remains healthy. Demand for quality homes renting below $600 per week continues to exceed supply, resulting in low vacancy levels and providing landlords with confidence that well-maintained investment properties remain highly sought after. Across Australia, rental markets remain under pressure due to limited housing supply, and Mildura continues to benefit from these favourable conditions while offering attractive yields compared with many metropolitan locations.

The broader outlook for Mildura is equally encouraging. Our region continues to be supported by strong agriculture, horticulture, food processing, transport, healthcare, education and tourism sectors, creating employment opportunities and helping underpin housing demand. Continued investment in infrastructure, recreational facilities and community services further enhances Mildura's appeal as a place to live, work and invest. The recent announcement of large mineral sands mine opening up North of Wentworth is also exciting for the region.

Lifestyle also remains one of our greatest advantages. The Murray River, year-round sunshine, quality schools, excellent sporting facilities, cafés, wineries and a welcoming community continue to attract families, retirees and professionals seeking an affordable regional lifestyle without sacrificing convenience.

Looking ahead, we expect the local market to remain balanced through the second half of 2026. While buyers are still carefully considering affordability and borrowing capacity, quality homes in sought-after locations and within the most active price brackets should continue to perform well. Vendors who present their homes professionally and price them in line with current market conditions are well placed to achieve strong results.

At Mildura Property Advisers, we remain confident in the long-term outlook for our region. Whether you're buying your first home, selling your family property or expanding your investment portfolio, our team is committed to providing independent advice, local expertise and personalised service to help you make informed property decisions. Enjoy the beautiful Winter Sun of our Sunraysia Winter!