The month in review: Regional Vic

By Herron Todd White
June, 2009

MILDURA
The trend of the past year continues in this region with an active first home buyer market, but the middle and high value sectors have seen a very flat market.

The middle market in Mildura is generally the $275,000 to $475,000 price range and the properties for sale in this sector have met with a much longer than normal selling period, a reduced volume of prospective purchasers and softened values. Statistics reveal a softening in values of around 15% off the peak values of mid 2007.

Vendors in the lower value sector have been moreso investors offloading their investment properties for various reasons and vendors moving out of the area, rather than vendors trading up into the mid value sector. Buyers in the low value sector are most commonly first
home buyers.

Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © 2008 Smartline Home Loans P/L. ABN 38 085 370 270