Suburb Profile Report for Mitchelton QLD (4053)

Mitchelton House: Median price $637,500, Annual capital growth 5.30%, Number of sales 181, Weekly median advertised rent $430

Mitchelton Unit: Median price $440,000, Annual capital growth 5.63%, Number of sales 84, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 2651th in the list of Australian suburbs ordered by increase in median house value over the last year, Mitchelton, 4053 is in the BOTTOM 40% with a property value increase of 2.99% recorded in median house prices.

The five-year average increase in median property values for Mitchelton,4053 has given property investors a potential capital gain of 33.47% across each of those five years.

The most recent median price for Mitchelton is $637500, with sellers offering an average of -3.94% off the asking price.

Advertised rents are around the $430 mark per week – giving a return of 3.51% based on the median price in Suburb

Mitchelton has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.57% to date .

A 25.80% growth in median value for property investors in Mitchelton,4053 puts this suburb at number 158th in terms of best performing suburbs in QLD

At number 245th of QLD’s most discounted properties, Mitchelton is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Mitchelton have been waiting around 63.3 days to sell a property.

Advertised rents are around the $400 mark per week – giving a return of 4.73% based on the median price in Suburb

Metrics i HOUSE UNIT
$637,500 $440,000
0.79% 0.00%
2.99% 0.57%
5.30% 5.63%
$430 $400
181 84
3.51% 4.73%
43.75 63.3

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8011
Median household income ($/weekly) 1578
Median age of persons 35
Median housing loan repayment ($/monthly) 2212
Average household size 2.6
  • Census Count Percent(%)
    0-4 years 717 8.9
    5-14 years 956 11.9
    25-34 years 1262 15.8
    35-44 years 1319 16.5
    45-54 years 964 12.0
    Others 2794 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 2733 47.8
    Not Married 2330 40.8
    Defacto Relationship 654 11.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6399 83.1
    Papua New Guinea 207 2.7
    United Kingdom 370 4.8
    United States of America 61 0.8
    Other 215 2.8
    Others 446 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 86 1.2
    Christianity 5174 71.1
    Hinduism 43 0.6
    Other Religious Groups 34 0.5
    No Religion 1928 26.5
    Others 17 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 209 7.8
    $1,250-$1,499 218 8.1
    $1,500-$1,999 367 13.6
    $2,000-$2,499 302 11.2
    $2,500-$2,999 287 10.6
    Others 1313 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2646 43.2
    Not in the labour force 1916 31.3
    Employed, worked part-time 1154 18.9
    Employed, away from work 250 4.1
    Unemployed, looking for work 156 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 499 12.3
    Professionals 1200 29.7
    Technicians & trades workers 469 11.6
    Community & personal service workers 481 11.9
    Clerical & administrative workers 693 17.1
    Others 703 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 134 7.5
    Infants/Primary 694 38.7
    Secondary 369 20.6
    Technical or Further Educational Institution 122 6.8
    University or other Tertiary Institutions 403 22.5
    Others 69 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6718 89.6
    Semi-detached, row or terrace house, townhouse 394 5.3
    Flat, unit or apartment 389 5.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1052 36.0
    Rented 976 33.4
    Fully owned 862 29.5
    Other tenure type 35 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals