Good time to buy in Mildura

MILDURA is one of five Victorian locations expected to deliver the best investment opportunities for home buyers this year.

A report by property resource Smart Property Investment identified the top 50 Australian suburbs geared for capital growth.

The Fast 50 hotspots were selected based on population growth, demand for housing, income levels, employment, vacancy rates, previous capital growth and current gross rental yields.

Regional cities Bendigo and Albury-Wodonga and Melbourne suburbs Ashburton, Burwood and Surrey Hills also made the Victorian list.

Report contributor Margaret Lomas said affordable pricing and solid, diverse industries would underpin the property markets of regional Victorian cities in 2013, such as that of Mildura.

“Mildura is quite diverse when it comes to industry, including wine, aquaculture and renewable energy,” said the Property Investment Professionals of Australia director and Destiny Financial founder.

“And with a median house price of $220,500 and a median unit price of $145,000, Mildura represents an affordable investment selection.” 

For more of this story, purchase your copy of Thursday’s Sunraysia Daily 18/01/2013.

INVESTMENTt: Barry Plant Mildura director Tense Venneri says he has already spoken to people interested in investing in Mildura in the new year.

INVESTMENTt: Barry Plant Mildura director Tense Venneri says he has already spoken to people interested in investing in Mildura in the new year.