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Mitchell Park

Suburb Profile

Mitchell Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5043

house
unit

MITCHELL PARK, 5043 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling MITCHELL PARK, 5043 values up and netting property investors a capital gain of 4.31% for the past year.

Investors saw the median home price rise to $469,388.

Profits due to an upward trend in home prices in the suburb averaged 0.98% per annum over a 3-year period.

MITCHELL PARK now ranks at the 220th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $440 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MITCHELL PARK, homes and units usually stay on listing for an average of 46.5 days.

In 2016, 66 properties were sold in MITCHELL PARK during the past year, making it the 60th most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $469,388 $300,000
GROWTH REPORT
Median Quarterly 1.71% 15.16%
Median 12 month 4.31% 4.17%
Median 3 years 2.94% -4.15%
Median 5 years 11.76% 16.22%
10 years average annual 1.11% 0.25%
Weekly media advert. rent $440 $342.5
Time on Market 46.5 days 75.7 days
Gross Rental Yield Percent 4.87% 5.94%
demographics (median values)
Total Population
4973
Weekly Household Income
619.2
Household Size
2.10
demographics
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