Mildura property prices jump 15 per cent, report says

MILDURA’S median property price has risen more than 15 per cent in 2019, according to CoreLogic figures published in a report from The New Daily.

Tierney Real Estate sales and marketing consultant Nat Weaver said she anticipates that percentage will grow even higher during 2020, predicting an “absolute bumper year”.

“We’re having some properties move within the first week — we’re not even getting for anything showing a really good investment dollar,” she said.

“I’m actually working through Christmas, because I already have clients that have called me to say they’ll be in Mildura over the holiday period, and they’re wanting to have a look at whatever houses I can show them.

“We’re expecting an absolute bumper 2020 — we’ve already got a lot of properties listed and ready to go for January — that’s a bit unprecedented.”

Ms Weaver said Mildura’s booming economy and business growth is contributing to its popularity as a real estate hot spot.

“Our tourism is huge, our business community is huge, and with so many big brands and companies coming here, we’re sort of a bit self sufficient as a rural city,” she said.

“Agriculture plays a part, but Mildura as a township is growing and booming and there’s more money in our economy now.

“There’s heaps happening about town.”

Ms Weaver predicted the first six months of 2020 will show a “booming property market”.

“In the past, say the last decade, property is hot early in the year up until Easter, then it sort of dies off a little bit, but the way things have been going, I don’t think we’ll see a lot of lull at all over winter,” she said.

“I think it will just be a strong, steady year across the board — there hasn’t been any better time to put your property on the market.

“I think prices for both houses and flats will jump again for sure.”