Suburb Profile Report for Mitchell Park VIC (3355)

Mitchell Park House: Median price $277,000, Annual capital growth 10.80%, Number of sales 12, Weekly median advertised rent N/A

Source: CoreLogic

  • House Report

Property investors who have had real estate in Mitchell Park, 3355 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.80%

Property investors looking for a bargain in Mitchell Park should be aiming for at least -9.25% off the asking price, which is the average vendor discount being achieved at the moment.

HOUSE UNIT
$277,000 N/A
2.59% N/A
10.80% N/A
10.80% N/A
N/A N/A
12 N/A
N/A N/A
89.62 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 752
Median household income ($/weekly) 1168
Median age of persons 30
Median housing loan repayment ($/monthly) 1330
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 84 11.2
    25-34 years 126 16.8
    35-44 years 85 11.3
    45-54 years 95 12.6
    55-64 years 85 11.3
    Others 277 36.8
    Age Group
    Census Count Percent(%)
    Registered Married 267 47.1
    Not Married 222 39.2
    Defacto Relationship 78 13.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 659 92.3
    Croatia 16 2.2
    United Kingdom 12 1.7
    Viet Nam 6 0.8
    Other 6 0.8
    Others 15 2.1
    Country of Birth
    Census Count Percent(%)
    Christianity 452 67.7
    No Religion 203 30.4
    Buddhism 13 1.9
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 28 11.7
    $800-$999 25 10.4
    $1,250-$1,499 27 11.3
    $1,500-$1,999 39 16.3
    $2,000-$2,499 26 10.8
    Others 95 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 250 42.0
    Not in the labour force 165 27.7
    Employed, worked part-time 120 20.2
    Employed, away from work 34 5.7
    Unemployed, looking for work 26 4.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 49 12.3
    Technicians & trades workers 77 19.3
    Clerical & administrative workers 53 13.3
    Machinery operators & drivers 46 11.5
    Labourers 59 14.8
    Others 115 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 14 8.1
    Infants/Primary 53 30.6
    Secondary 47 27.2
    Technical or Further Educational Institution 21 12.1
    University or other Tertiary Institutions 24 13.9
    Others 14 8.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 712 98.3
    Flat, unit or apartment 12 1.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    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 124 46.8
    Fully owned 86 32.5
    Rented 55 20.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals