Mitchell is in the bottom 30% in QLD when comparing median price capital growth over the last year. Mitchell gave property investors a disappointing capital gain figure when compared to the rest of the state, with 10.59%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mitchell has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mitchell, 4465. Typically our figures indicate that -4.43% is being offered, which puts this QLD suburb at 917th most discounted overall in Australia.
In the last year 30 properties changed hands in Mitchell, which puts it as the 767th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $32240 per annum or $620 every week.