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Mitchelton

POSTAL CODE: QLD, 4053
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Property investors enjoyed capital gains of 16.52% 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 low, as opposed to average gains per annum over the past five years.

The suburb posted a 28.82% 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 $680 based on current median home prices for the suburb.

On average, rents on listings have reached the $680 mark, reflecting a 2.73% increase in returns based on the current median price in MITCHELTON.

MITCHELTON, 4053 ranks 330th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 656th on the list of best yielding suburbs for rental properties in QLD, posting a 2.73% return.

Surburb overview

Mitchelton, located approximately 9 kilometres northwest of Brisbane’s CBD, is a popular residential suburb known for its village feel, leafy streets, and intense community atmosphere. The suburb has a population of around 8,559 people, with the predominant age group being 30-39. Most residents are families and professionals, making it an ideal location for those looking for a family-oriented lifestyle close to the city.

The real estate market in Mitchelton has experienced steady growth, with the median house price currently around $1,111,000 and units at approximately $590,000. The rental market is also strong, with median weekly rents at $650 for houses and $520 for units, providing rental yields of 3.50% for houses and 4.72% for units.

Mitchelton is known for its excellent access to public transport, with the Mitchelton train station and multiple bus routes providing convenient connections to the Brisbane CBD and surrounding suburbs. The area also features a variety of parks, bike paths, and dog parks, making it an excellent choice for families and outdoor enthusiasts. Additionally, the suburb is home to popular shopping destinations like Brookside Shopping Centre, cafes, and the well-known Blackwood Street Farmers Markets.

The suburb’s zoning predominantly includes Low-Density Residential and Environmental Management areas, contributing to its spacious and green atmosphere. Educational facilities include Mitchelton State High School and several private schools, catering to the needs of families with children.

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