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