Mildura vs Reedy Flat
Property investment comparison - Mildura, VIC 3500 vs Reedy Flat, VIC 3895
Head-to-head across core investment metrics: Mildura wins 1, Reedy Flat wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Mildura | Reedy Flat |
|---|---|---|
| Median house price | $595K | $590K |
| Median unit price | $400K | - |
| Gross rental yield (houses) | 4.80% | 2.71% |
| Gross rental yield (units) | 5.25% | - |
| 1-year house growth | +12.8% | - |
| 3-year house growth | +28.4% | - |
| Vacancy rate | 2.4% | - |
| Population | 34,565 | 6 |
Mildura vs Reedy Flat: what the numbers say
The median house price is $595K in Mildura and $590K in Reedy Flat, so Reedy Flat is the cheaper entry point, with Mildura houses about 1% dearer.
On cash flow, Mildura leads: houses there return a gross rental yield of 4.80%, compared with 2.71% in Reedy Flat, a gap of 2.09 percentage points.
Mildura is the bigger suburb, with a population of 34,565 against 6, roughly 5761 times the size of Reedy Flat; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mildura for rental income, Reedy Flat for a lower purchase price. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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