Suburb Profile Report for Mitchelton QLD (4053)

Mitchelton House: Median price $625,500, Annual capital growth 5.59%, Number of sales 160, Weekly median advertised rent $440

Mitchelton Unit: Median price $439,000, Annual capital growth 5.89%, Number of sales 85, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 1.59% for the last year, Mitchelton, 4053 is the 2664th highest performer in Australia in this respect.

Across a shorter period, Mitchelton, 4053 has seen a median price increase of 0.40% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mitchelton is offering property investors an average of -7.24. This rate of discount on properties puts Suburb at number 797th in terms of most discounted suburbs in QLD

In the last year 160 properties changed hands in Mitchelton, which puts it as the 104th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.59%, investors should hope to achieve an overall return of 3.66%

Mitchelton is an average performer in QLD when comparing median price capital growth over the last year. Mitchelton gave property investors a good capital gain figure when compared to the rest of the state, with 2.09%.

Mitchelton,4053 has offered an average of 2.09% return per annum in house price rises to property investors over the last three years.

Mitchelton, 4053 is offering QLD ‘s 313th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.

On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.

Mitchelton is 280th on a list of best yielding suburbs for rents in QLD with a 4.74% return

Metrics i HOUSE UNIT
$625,500 $439,000
0.40% -0.79%
1.59% 2.09%
5.59% 5.89%
$440 $400
160 85
3.66% 4.74%
30.87 79.36

Source: CoreLogic

DSR Score for property investment : Above average (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