Mildura

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Project
Member
@project
Join Date: 2003
Post Count: 31
November 15, 2003 - 4:33 am
Hey gang…
Any comments on Mildura as a long term investment place of oppotunity? I have heard so much information as of late regarding this town and it seems promising as a long term property investing area.
Thanks
Steve
everdine
Member
@everdine
Join Date: 2003
Post Count: 119
November 15, 2003 - 11:45 am
Hi Steve,
we are only new to this so this is just our thoughts ok.
We live in Mildura and got really excited about buying property here. However, after lots of hunting and talking to agents, found nothing that fitted the 11 second rule. So, we looked at Redcliffs, Merbein etc. The only properties that came close were 2 units, that are full of saltdamp and need major plumbing work done etc.
Mildura certainly is in a growth faze and has lots of potential with the new Marina coming, new shopping centre and lots of housing development etc. I think long term, if you can find a property suitable to your needs you won’t go wrong.
For us, we are South Aussies working here for a time and weren’t prepared to invest the capital required to purchase a decent home here.
Mildura has the best of town and country in services and facilities and caters exceptionally well for a booming tourism industry.
From one of the agents we gathered tennants can be “seasonal” here, unless you have a home ready in January when longer term tennants are looking eg teachers. So it would pay to check the accuracy of this.
Food for thought.
Wishing you success,
Tony and Diane
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
November 15, 2003 - 1:32 pm
hi steve , tony and diane.
steve i’m with tony Mildura looks very good for a long term buy. as well as the marina which will be huge for the area. this could be the start of more projects? perhaps becoming a mini Gold Coast in Victoria (maybe a bit far fetched but who knows) but the one that could be enormous is the solar tower across the boarder in Wentworth shire. this project is unbelievable, the $800 million solar tower will be the tallest man-made structure in the world. the power will generate enough energy for 200,000 homes. this will mean a boom for Mildura during the construction and ongoing with toursim. it is still in ther planning stages check out http://www.enviromission.com.au/index1.htm
i just wish i had property there. Watch out for dareton (don’t buy there).
hope this helps
westan