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Mitchelton

Suburb Profile

Mitchelton - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4053

house
unit

Property investors enjoyed capital gains of 3.88% over the last 12 months in MITCHELTON, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in MITCHELTON are high, as opposed to average gains per annum over the past five years.

The suburb posted a 4.69% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.

On average, rents on listings have reached the $460 mark, reflecting a 3.57% increase in returns based on the current median price in MITCHELTON.

MITCHELTON, 4053 ranks 390th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 643rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.57% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $670,000 $378,500
GROWTH REPORT
Median Quarterly 5.51% -2.82%
Median 12 month 3.88% -8.8%
Median 3 years 4.69% -13.98%
Median 5 years 16% -10.94%
10 years average annual 2.66% -0.08%
Weekly media advert. rent $460 $382.5
Time on Market 44.4 days 64.0 days
Gross Rental Yield Percent 3.57% 5.25%
demographics (median values)
Total Population
7034
Weekly Household Income
1150
Household Size
2.50
demographics
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