Some Victorian Valuer General *statistics for
Mildura:
Median House Prices 1994-2005
1994: $95,000..............2004: $184,000-----change of 94%
1997 MHP: $95,000
1998: $100,000
1999: $110,500
2000: $120,000
2001: $135,000
2002: $155,750
2003: $170,000
2004: $185,000
2005: $190,000
2006: $200,000
2007: $215,000
PRELIM. FIGURE 2008: $201,000
2006 TO 2007 CHANGE WAS: 8%
Change for 1997 to 2007: 126%
Growth Per Annum 1997 to 2007: 8.5%
Reiterate what Ozperp said, except she puts it far more elonquent than I can.
Extended family in Mildura, one has been investing there a couple of decades, house came up next to hers for sale, she bought it, rented out. Year later the house on other side of her PPOR came up for sale, she thought she would like to buy it.
From there she has bought many more, units, houses, built houses, built units, their growth in value has been consistent and steady, she doesn't have much of a problem renting them.. Mildura has served her well on her bit of wealth creation.
Another relative bought a commercial property, saw a unit for sale on the way home from inspecting that shed and thought she might like to buy it too, so that was only a couple of years ago, she is pleased with her buys.
The City that supposedly has more sunshine hours? than Queensland, did have? may still be? one of Australia's fatest growing inland centres..well worth a visit, wineries, river cruising/camping, fun in general, too many to mention, diversified in enough industries for my liking, (no, don't have any IP's there, but only because I can have similar IP's in similar regional cities
a little closer to me), some interesting reading:
http://www.milduravictoria.com.au/?gclid=CKTR8trxm5kCFRlcagodLXMvDw
http://www.visitmildura.com.au/
http://www.mildura.vic.gov.au/
http://www.mildura.vic.gov.au/Page/page.asp?Page_Id=63&h=0
http://www.mildura.vic.gov.au/Page/page.asp?Page_Id=64&h=0
http://en.wikipedia.org/wiki/Mildura,_Victoria
http://au.travel.yahoo.com/great-outdoors/australia/victoria/murray/mildura-victoria.html
http://www.mildura.vic.gov.au/page/page.asp?page_Id=1813
ah, here it is, from above link:
Planning, Infrastructure and Facilities Help Regional Growth - 28/2/2007
The Mildura region is Australia’s fastest growing inland area, according to recently released Australian Bureau of Statistics figures.
An annual population growth of 2.2% was recorded in the urban section of the district over the 2005-06 financial year, putting the region’s growth above Bendigo, Ballarat, Shepparton and Toowoomba.
Mildura Rural City’s population growth was 2% overall.
The figures have come in spite of the horticultural downturn, which shows the growing diversity of the Mildura region’s economy and the opportunities available for new residents.
“Our wonderful river lifestyle, opportunities for work, excellent health and education facilities, advanced transport links including national highways and the Mildura Airport all combine to make an excellent package and people from outside the region are realising this.”
“Mildura is simply growing at this rate because it is a wonderful, welcoming and interesting place to live, with many business opportunities,” Mildura Rural City Council Mayor John Arnold said.
Councillor Arnold said the statistics vindicated Council’s emphasis on longer term strategic planning as well as town planning land releases and Council’s long term financial planning including appropriate capital works expenditure.
Successive budgets have increased funding to capital works projects, with a $1.6 million increase in the 2006-07 budget, while a number of major projects based around the Mildura Riverfront are helping build a community precinct suitable for the arts, cultural and entertainment needs of a growing population.
“As a region, we are able to cater for more people because of Council’s work in dealing with town planning, infrastructure and service provision challenges,” Councillor Arnold said.
Sunraysia Mallee Economic Development Board Chief Executive Officer Andrew Millen said Mildura’s more diversified economy was helping regional growth.
“Mildura’s manufacturing and service sectors continue to support the region. The region provides a range of services for a large and diverse catchment area, which means more opportunities for employment,” Mr Millen said.
“Housing prices remain competitive and new initiatives aimed at opening up new opportunities for our primary producers overseas will only help continue this growth and, more importantly, make sure we can continue to preserve the industries that have sustained our region while growing new ones.”
What people write about this little oasis of an inland city is correct for many. People love it.
Can't wait to see the new Marina.
My partner took these pics hot air ballooning there, few years old (pre marina) now.
http://www.somersoft.com/forums/gallery/data/517/medium/Mildura.JPG
http://www.somersoft.com/forums/gallery/data/500/medium/mildura1aerial1.JPG
* subject to interpretation
) could not even manage to double its median price which went from $110K in 1999 to $210K in 2007 before peetering out with a 5% drop last year in 2008.
