Sea-change to Mildura?

My partner and I (both late 20’s) are considering moving to Mildura. Housing in the major cities is just crazy. We want a slower paced life. Somewhere we can bring the kids up and have them experience the real world, have a real family who is around and not at work all the time etc. House pricing in Mildura is attractive. Having the river, wineries etc close by is a plus! We also like being within 5 hours (ish) of two major cities - Adelaide and Melbourne.

Tell me - what are the pros and cons of living in Mildura? Would you recommend? Does anyone have any other recommendations for a similar lifestyle.