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Mitchell Park, SA 5043

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$980,000

list-price estimate

Median Unit

$630,000

market range $550K-$675K

Gross Yield (units)

4.6%

1yr Growth (houses)

+9.5%

market range +5.0% to +12.5%

Investment snapshot for Mitchell Park

Mitchell Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Mitchell Park market and investor summary

Mitchell Park sits in SA, postcode 5043. House prices have moved +9.5% over the past year and +50.5% over three years. At 0.4% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 0.4% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.

Living in Mitchell Park: people, income and schools

About 5,754 people live in Mitchell Park, and the area has been growing steadily, up about 8% over five years. The median age is 37, broadly working-age, and families account for 56% of households.

Households here earn a median of about $60,000 a year, or roughly $1,160 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Locally, around 35% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

There are 50 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 9.2 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 61 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
5,754
+8% over 5yr
Median age
37 years
Median household income
$60,000/yr
Households renting
50%
Family households
56%
Socio-economic rank
3/10
ABS advantage index
Schools within 5km
50
avg ICSEA 1001
Unemployment
3.8%
Distance to CBD
9.2 km
Walk score
61/100

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 Park

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Frequently asked questions about Mitchell Park

What should I check before investing in Mitchell Park?

Mitchell Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +9.5% in the past year shows strong 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 Park?

The median property price in Mitchell Park, SA 5043 is $630K for units.

What rental yield does Mitchell Park show?

The gross rental yield in Mitchell Park is 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 Park?

House prices in Mitchell Park are up 9.5% over the past year and up 50.5% over three years. 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 Park?

The current vacancy rate in Mitchell Park is 0.4%. 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 Park?

Mitchell Park has a population of approximately 5,754 residents, with a median age of 37.

What schools are near Mitchell Park?

There are 50 schools within roughly 5km of Mitchell Park. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Mitchell Park's population growing?

The population of Mitchell Park has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Mitchell Park from the CBD?

Mitchell Park is about 9.2 km from the CBD.

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