Suburb Profile Report for Mitchell QLD (4465)

Mitchell House: Median price $112,500, Annual capital growth 1.73%, Number of sales 30, Weekly median advertised rent $620

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

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.

Metrics i HOUSE UNIT
$112,500 N/A
5.03% N/A
10.59% N/A
1.73% N/A
$620 N/A
30 N/A
3.43% N/A
29.8169014084507 N/A

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Poor (H), Above average (U)
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Demographics
Total population 1310
Median household income ($/weekly) 817
Median age of persons 41
Median housing loan repayment ($/monthly) 1083
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 181 13.8
    35-44 years 146 11.1
    45-54 years 203 15.5
    55-64 years 186 14.2
    65-74 years 140 10.7
    Others 455 34.7
    Age Group
    Census Count Percent(%)
    Registered Married 444 49.8
    Not Married 335 37.6
    Defacto Relationship 113 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1199 95.5
    Greece 6 0.5
    Papua New Guinea 16 1.3
    United Kingdom 20 1.6
    Other 7 0.6
    Others 8 0.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1006 82.6
    No Religion 208 17.1
    Buddhism 4 0.3
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 50 11.7
    $400-$599 57 13.3
    $600-$799 47 11.0
    $800-$999 42 9.8
    $1,500-$1,999 43 10.0
    Others 189 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 408 41.3
    Not in the labour force 350 35.4
    Employed, worked part-time 148 15.0
    Employed, away from work 54 5.5
    Unemployed, looking for work 29 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 150 24.5
    Technicians & trades workers 51 8.3
    Community & personal service workers 56 9.1
    Machinery operators & drivers 86 14.0
    Labourers 114 18.6
    Others 156 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 10 4.8
    Infants/Primary 110 52.6
    Secondary 65 31.1
    Technical or Further Educational Institution 11 5.3
    University or other Tertiary Institutions 10 4.8
    Others 3 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1133 95.2
    Caravan, cabin, houseboat 25 2.1
    Flat, unit or apartment 24 2.0
    House or flat attached to a shop, office 8 0.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 217 43.9
    Rented 137 27.7
    Being purchased 129 26.1
    Other tenure type 11 2.2
    Tenure Type
Census 2011, ABS
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