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Mitchell, NSW 2795
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$400,000
market range $325K-$600K
Median Unit
$535,000
list-price estimate
Gross Yield (houses)
6.3%
1yr Growth (houses)
+7.1%
market range +5.0% to +12.5%
Investment snapshot for Mitchell
Mitchell has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mitchell market and investor summary
In Mitchell, NSW 2795, the median house sells for around $400K, on a gross rental yield of 6.3% for houses. House prices have moved +7.1% over the past year. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 6.3% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.
Living in Mitchell: people, income and schools
About 1,179 people live in Mitchell, a number that has held fairly steady over five years. At a median age of 30, it reads as younger than the national median, with renters making up 79% of households. A renter base that size keeps demand for well-priced rentals fairly consistent, though rents do most of the work on the return.
The typical household income runs to around $41,000 a year (about $780 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 9.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Families have 14 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 7 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,179
- +5% over 5yr
- Median age
- 30 years
- Median household income
- $41,000/yr
- Households renting
- 79%
- Family households
- 27%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 14
- avg ICSEA 1022
- Unemployment
- 2.9%
- Walk score
- 7/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mitchell
View all →Frequently asked questions about Mitchell
What should I check before investing in Mitchell?
Mitchell has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 6.3%, before expenses, tax and loan costs. Capital growth of +7.1% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mitchell?
The median property price in Mitchell, NSW 2795 is $400K for houses.
What rental yield does Mitchell show?
The gross rental yield in Mitchell is 6.3% for houses and 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Mitchell?
House prices in Mitchell are up 7.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Mitchell?
The current vacancy rate in Mitchell is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Mitchell?
Mitchell has a population of approximately 1,179 residents, with a median age of 30.
What schools are near Mitchell?
There are 14 schools within roughly 5km of Mitchell. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Mitchell affordable to buy in?
A median house in Mitchell costs about 9.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Mitchell's population growing?
The population of Mitchell has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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