If you compare the increase in value of investment property in Mitchelton, 4053 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.66%.
Across a shorter period, Mitchelton, 4053 has seen a median price increase of 0.39% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.72% offered to property buyers. Sellers in Mitchelton itself are offering an average vendor discount of -3.54% to real estate investors.
With the median price for a house in Mitchelton being $637500 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.59%
With a capital gain of -0.68% for the last 12 months, Mitchelton, 4053 has performed for property investments than its average annual 5.12% property growth over the last 5 years.
A 23.11% growth in median value for property investors in Mitchelton,4053 puts this suburb at number 200th in terms of best performing suburbs in QLD
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.12%, investors should hope to achieve an overall return of 4.73%