Mildura offers a materially higher gross yield (5.1% vs 3.4%), making it the stronger income candidate at current prices. Both markets carry similar cashflow positions under current yield and interest rate assumptions.
Research context only. Not financial advice. Both markets carry distinct risks specific to their location, employment base, and economic profile. Read the individual suburb research pages before drawing conclusions. All policy references reflect proposed changes subject to final legislation.
| Metric | Bunbury WA · #22 | Mildura VIC · #20 |
|---|---|---|
| Gross Yield | 3.4% | 5.1% |
| Vacancy Rate | 0.9% | 1.3% |
| Median Price | $1000k | $500k |
| Weekly Rent | $650/wk | $490/wk |
| Net pre-costs pa | $-18,200 | $-520 |
| Cashflow | Negative | Near-Positive |
| Rent Growth 12m | +7.8% | +5% |
| Price Growth 12m | +9.4% | +5.5% |
| NG Dependence | High | Low |
| Discovery Status | Known | Known |
| Population | 75k | 57k |
| Cycle Stage | Mid | Early-Mid |
| Policy Impact | ▼ DOWNGRADED | ▲ UPGRADED |
| Signal Score | 53 / Tier 2 | 54 / Tier 2 |
Bunbury's median house price at $950k reflects the extraordinary WA resources boom cycle. This market was previously one of the stronger cashflow plays in the dataset — at current prices it is not. Gross yield of 3.0% at $950k is strongly negative at standard LVR. The port, Alcoa alumina operations, and South West regional services provide a solid employment base, but investors entering now face a very different equation to those who purchased 18–24 months ago.
5.1% yield at the crossroads of three states. Mildura benefits from genuine cross-border rental demand that tightens vacancy independent of any single industry. Hospital expansion creates permanent healthcare employment. Rent growth +5.0% will push to cashflow-positive within 12 months.
2026 median house data. Source: realestate.com.au. Data quality: imported. Verify before transacting.
Data vintage: 2026
CoreLogic VIC Q1 2025 · REI Victoria Mildura Q4 2024 · SQM Research · Mildura Base Hospital business case 2024 · ABS agricultural water statistics 2024
Data vintage: Q1 2025
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Research only. Not financial advice. Data vintage Q1 2025 (indicative estimates from public sources). Verify all metrics independently with local property managers and licensed advisers before making any investment decision. All negative gearing and budget policy references reflect proposed changes subject to final legislation. Consult a registered tax adviser for personal tax position.