Suburb Profile Report for Mitchelton QLD (4053)

Mitchelton House: Median price $620,000, Annual capital growth 6.40%, Number of sales 155, Weekly median advertised rent $445

Mitchelton Unit: Median price $435,000, Annual capital growth 5.12%, Number of sales 35, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Mitchelton has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.28% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mitchelton has increased when compared to the 5 year average annual rate.

The most recent median price for Mitchelton is $620000, with sellers offering an average of -3.30% off the asking price.

Property investors should expect to get $445 weekly from the median priced house in this suburb.

Giving property investors a an average capital gain of 4.82% for the last year, Mitchelton, 4053 is the 700th highest performer in Australia in this respect.

While Mitchelton,4053 ranked number 94th in QLD for increase in median house value (annualised) increase, it is ranked 66th over the last 5 years.

Property investors looking for a bargain in Mitchelton should be aiming for at least -2.08% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 5.12%.

HOUSE UNIT
$620,000 $435,000
0.00% 1.75%
5.28% 4.82%
6.40% 5.12%
$445 $400
155 35
3.73% 4.78%
41.83 73.75

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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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
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