Mitchelton, 4053 ranked 202th in QLD when comparing growth in median property values or capital gain over the last 12 months. Mitchelton is one of 2415 in our list for QLD
If we look at median property appreciation over just the last three months, Mitchelton has given property investors a paper return of 1.13%. This puts Suburb as 340 on a list of fastest fasting appreciating suburbs in QLD
Our latest figures would indicate that property sellers in Mitchelton are currently offering property investors an average price cut of -3.30% below the asking price at the moment.
On average over the past year, suburb has had 12.33 sales per month, which equates to 148 per year.
Mitchelton, 4053’s gross rental yield is 3.62%
Investment property in Mitchelton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.27%
Across a shorter period, Mitchelton, 4053 has seen a median price increase of -0.58% over the last quarter.
Property investors looking for a bargain in Mitchelton should be aiming for at least -1.73% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 4.43%, investors should hope to achieve an overall return of 4.84%