McGrath expands its Victorian presence to regional hotspot of Mildura

McGrath Estate Agents announces the opening of a new office in the north-west Victorian centre of Mildura.

According to McGrath Research, Mildura ranked 11th overall from 191 local markets on the east coast of Australia in March 2026 when considering demand, supply, pricing, rental dynamics, and yields into a composite measure of overall market strength.

The Mildura local market recorded 13 per cent growth in sales throughout the year ending Q1 2026, when it took an average of 21 days to sell a home. During this time, prices grew 3.4 per cent to a median price of $399,600 and weekly rents were 13.6 per cent higher, taking the gross rental yield to 5.58 per cent.

McGrath Mildura Principal Lukas Pedder says investors and tree-changers have boosted an already consistent market. “I’m excited that investors and buyers’ agents have finally found Mildura. Locals have appreciated our quality of life for a long time now but newcomers are only just realizing what this area has to offer.”

McGrath’s Head of Franchise Chris Mourd said, “Mildura is a strategic regional expansion for McGrath, led by a strong local operator in Lukas Pedder. This market is consistent and increasingly competitive, driven by lifestyle demand and solid fundamentals. Our focus is simple—deliver a premium service and become a trusted part of the local community.”

McGrath Mildura will service the area from Wentworth in the north, to Ouyen in the south and from Robinvale/Euston in the east, to edge of the South Australian border in the west. Key suburbs include Irymple, Red Cliffs, Merbein, Gol Gol and the Mildura township itself.

Divided from New South Wales by the Murray River, Mildura benefits from a diverse economy beyond its rich agricultural roots (mainly citrus and grape production). The tourism dollar is growing along with both the hospitality and healthcare sectors. Mildura Airport is the busiest in regional Victoria.

Mr Pedder said the airport, along with the sunny climate and water security of the Murray River, not only attract tourists but are also the backbone of the community’s lifestyle. “It’s a strong and very connected community,” he said. “Much of that lifestyle is based around the river.”

Mildura continues to experience strong buyer demand. In addition to the local home buyer, investors from Sydney and Melbourne see the region as a more affordable option than their own cities. There is also demand from tree-changers. “Relocators see value for money in Mildura,” said Mr Pedder. “We see buyers from Adelaide, Melbourne, Queensland and Darwin. For local upgraders, an acre of land is still within reach. $750,000 to $1 million will buy a great family home. Anything over $1 million will buy an exceptional property.”

Mr Pedder has operated in the Mildura property market since 2016 following previous success as a sales agent with McGrath in Melbourne. His commitment to growing his Mildura business through a demand for excellence in all aspects led him back to McGrath.

“After my time with McGrath in Melbourne, my sole focus was to bring the McGrath ethos back to Mildura,” said Mr Pedder. “I have a background in sport, coming up through the youth ranks of Bayern Munich as a junior soccer player. That time taught me to surround myself with winners who strive to succeed. That, as well as a people-first attitude, fits well with the McGrath values.”

McGrath Mildura has a sales team as well as a Property Management operation.

RECENT SALES

2 Champagne Court, Irymple - $1.39 million – 4 bed, 2 bath, 2 car on 1708 sq m

399 Delta Road, Curlwaa - $840,000 – 4 bed, 2 bath 2 car on 2.62 hectares