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VIC Mildura

Discussion in 'Where to Buy' started by Drgonzo, 11th Aug, 2016.

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  1. Drgonzo

    Drgonzo Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    237
    Location:
    Berry NSW
    Anyone have any thoughts or info on the Mildura market as an investment proposition?
     
  2. Shawn

    Shawn Well-Known Member

    Joined:
    28th Jun, 2015
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    192
    Location:
    Sydney, NSW, Australia
    I've got one In Mildura. Held it for just over a year.
    What did you want to know?
     
  3. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    18th Jun, 2015
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    Location:
    Sydney
    Are you happy with it?
     
  4. Shawn

    Shawn Well-Known Member

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    28th Jun, 2015
    Posts:
    192
    Location:
    Sydney, NSW, Australia
    Definitely. Had some tenant issues at the start but it's sorted now.
    Depreciation was strong in my tax return ; yield is a bit low for a regional property at 5.65% but I can't complain I guess.
     
  5. ww2_nut

    ww2_nut Member

    Joined:
    18th Jun, 2015
    Posts:
    19
    Location:
    Mildura
    What sort of info are you after?
     
  6. lrmp131

    lrmp131 New Member

    Joined:
    20th Sep, 2016
    Posts:
    1
    Location:
    Mildura
    Mildura is a pretty good place to invest if you compare home prices to capital cities and has pretty low vacancy rates between 1-2%
     
  7. Yson

    Yson Well-Known Member

    Joined:
    4th Jan, 2016
    Posts:
    268
    Location:
    Sydney
    Rental
    Is good but capital is min
     
  8. Hwangers

    Hwangers Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    269
    Location:
    Sydney
    Gday all - any advice on a decent building inspector in Mildura?
     
  9. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,456
    Location:
    Melbourne
    I looked at Mildura closely in 2011-12. My former Boss (Accountant) grew up there and still had ties. We even mapped out the particular grid of streets worth watching.

    Sure there are the commission type properties, but sub 100k prices have gone pre 2011. Then you have to watch out for the school zoned properties (some complication with this) that are priced cheap.

    Place has done nothing. Mildura has been in many investment mags, lomas went on about it, but I've yet to see anyone singing Mildura's praises for delivering them a performing portfolio..

    Heavily dependant on agri.
    Casino not going to be built.
    Only appeal was price point. - hardly a reason to invest.

    Others with properties/vested interests in the area will disagree. But this is hardline truth.