Mildura at fifth on Victoria's top suburbs for yields on units

Mildura at fifth on Victoria's top suburbs for yields on units
Mildura at fifth on Victoria's top suburbs for yields on units

Victoria's regional city of Mildura sits in fifth position on CoreLogic RP Data's latest list for median gross yields with a gross yield at 6.4 percent.

Its yield sits considerably higher than the national average of 4.63 percent.

Click to enlarge

Mildura at fifth on Victoria's top suburbs for yields on units

Property Observer profiles Mildura from a rental perspective.

The median sale price of a unit in Mildura was $175,000 compared with a national average of $438,000, over the last 12 months, according to the data. 

The median price change over one year was 6.30 percent, beating the national average of 2.1 percent handsomely.

median rent for units was $215 pw against a national average of $390.

Property Observer looked up a few units around the median range available for renting around the median for Mildura on www.realestate.com.au.

1. A two-bedroom unit at 4/209 Ninth St Mildura Vic 3500 is asking for $230 per week. No information was available on its last traded price on RP Data.

Mildura at fifth on Victoria's top suburbs for yields on units

2. A two-bedroom unit at 3/276 Ninth Street Mildura Vic 3500 is up for rent at $200 per week. The house was recently bought for $136,000, the sale date being 27 April 2016.

Mildura at fifth on Victoria's top suburbs for yields on units

3. A two-bedroom unit at 3/223 Walnut Avenue Mildura Vic 3500 is available for $230 per week. No data was available on its last traded price on RP Data.

Mildura at fifth on Victoria's top suburbs for yields on units

Tags: 
Victoria Residential Market

Comments

Be the first one to comment on this article
What would you like to say about this project?