Mitchell

POSTAL CODE: QLD, 4465

HOUSE

Property investors have seen a 3.13% gain in MITCHELL based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains MITCHELL, 4465 saw average growth in the long term.

The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $165,000

Profits averaged 8.67% per annum over a 3-year period, due to an upward trend in home prices in MITCHELL, 4465.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

The gross rental yield in MITCHELL, 4465 is N/A.

An average of 2.08 real estate transactions take place per month in MITCHELL which translates to 25 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$165,000	N/A
Growth Report
Median Quarterly	3.13%	N/A
Median 12 month	-8.33%	N/A
Median 3 years	26.92%	N/A
Median 5 years	127.59%	N/A
10 years average annual	21.79%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	123.9 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 1196

Weekly Household Income 648

Household Size 2.40

Average Age 40

Monthly Loan Repayment 460

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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