Powered by MOMENTUM MEDIA
AREA REPORTS

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.

Investors saw the median home price rise to $453,000.

Profits due to an downward trend in home prices in the suburb averaged -0.33% 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 $425 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 58.3 days.

In 2016, 72 properties were sold in MITCHELL PARK during the past year, making it the 35th 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 $453,000 $300,000
GROWTH REPORT
Median Quarterly 0.44% 2.39%
Median 12 month -0.22% -3.23%
Median 3 years -0.98% 2.04%
Median 5 years 8.24% 13.21%
10 years average annual 1.33% 0.87%
Weekly media advert. rent $425 $320
Time on Market 58.3 days 77.1 days
Gross Rental Yield Percent 4.88% 5.55%
demographics (median values)
Total Population
4973
Weekly Household Income
619.2
Household Size
2.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Be alert ‘but not alarmed’ in Qld strata communities: expert

While the Sunshine State has closed its borders to travelers from other states due to the escalation of the COVID-19 pandemic, Archers the S...

Biggest headlines from the week that was

Hot Property: Biggest headlines from the week that was

It’s been an interesting week from an economic standpoint, with COVID-19 placing even more pressure on the Aussie market: Here are the big...

Desirable suburbs now in the discount firing line

Desirable suburbs now in the discount firing line

Property listing prices across NSW and Victoria are trending downwards, with new research showing more and more discounts are on offer acro...

Seller satisfaction rises despite pandemic

Seller satisfaction rises despite pandemic: RateMyAgent survey

Despite an economic downturn brought about by the COVID-19 outbreak, Aussie seller satisfaction continues to increase nationwide – an indi...

Alarm bells raised for WA investors

Alarm bells raised for WA investors

Property investors in Western Australia are urged to be vigilant following the state government’s recently announced grant. ...

Queensland rental market faces tight conditions

Queensland rental market faces tight conditions

The Queensland rental market is facing its tightest conditions since the global financial crisis, according to the CEO of the Real Estate ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.