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Mitchell Park, VIC 3352
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$435,000
Median Unit
$555,000
list-price estimate
Gross Yield (houses)
5.9%
1yr Growth
-
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
In Mitchell Park, VIC 3352, the median house sells for around $435K, on a gross rental yield of 5.9% for houses. At 1.6% 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 5.9% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Mitchell Park: people, income and schools
Mitchell Park is home to around 887 people, and the area has been growing steadily, up about 12% over five years. At a median age of 43, it reads as skewed a little older, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $69,000 a year (about $1,330 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 7 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 887
- +12% over 5yr
- Median age
- 43 years
- Median household income
- $69,000/yr
- Households renting
- 27%
- Family households
- 66%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 7
- avg ICSEA 994
- Unemployment
- 4.2%
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
No properties currently listed in Mitchell Park
Search Mitchell Park listings →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. Solid house gross rental yield of 5.9%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. 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, VIC 3352 is $435K for houses.
What rental yield does Mitchell Park show?
The gross rental yield in Mitchell Park is 5.9% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Mitchell Park?
The current vacancy rate in Mitchell Park is 1.6%. 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 887 residents, with a median age of 43.
What schools are near Mitchell Park?
There are 7 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 affordable to buy in?
A median house in Mitchell Park costs about 6.3 times the median local household income (broadly in line with metropolitan Australia). 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 Park's population growing?
The population of Mitchell Park has grown about 12% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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