By Herron Todd White
November 2019

Mildura Property Updates

We are a fairly conservative lot when it comes to housing and most new homes follow the same architectural theme. Most are single storey and it is unusual for any new homes to be constructed with anything other than brick veneer or rendered hebel panel walls. Higher value homes tend to be distinguished by being larger, having a higher standard of fittings and more extensive external improvements, but are more often than not built using similar materials and floor plans to more run of the mill properties.

The highest value residential sale to have occurred this year is a house situated in Carramar Drive, which sold for $1.475 million. This house was built in the 1970s and has a very dated appearance, however has the appeal of overlooking the Murray River. Buyers know that there are few such buying opportunities each year and so are prepared to accept the need for renovation if they get the benefit of river frontage.

Interestingly, there has been only one sale in our region above $1 million so far in 2019, whereas there were over ten sales above $1 million in 2018, including two that were over $2 million. The most probable scenario is that there have been simply fewer prestige homes advertised for sale this year, following an unusually high number in 2018.

Meanwhile, for those not afraid of something different or who perhaps have a leaning towards doomsday preparation, a former World War II fuel storage bunker at Yelta, approximately 18 kilometres north-west of Mildura is currently being advertised for sale. The current owner has recently converted the structure into a dwelling, which is fitted out to a good standard. From the inside, the only difference is the lack of windows and, we suspect, a pleasant ambient temperature.

The bunker is built out of 30 centimetre thick concrete walls. To keep it safe from prying eyes and any fighter bombers, it is also set into the side of a hill.

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.