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Mitchellstown, VIC 3608
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$550,000
Median Unit
$510,000
Gross Yield (houses)
5.7%
1yr Growth
-
Investment snapshot for Mitchellstown
Mitchellstown has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mitchellstown market and investor summary
Mitchellstown (VIC 3608) runs a median house price of $550K, with houses yielding a gross 5.7%. At 1.5% 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 5.7% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking. Houses also take time to sell, around 67 days on market, so plan for a slower exit if you ever need one.
Living in Mitchellstown: people, income and schools
Mitchellstown is home to around 71 people, and the area has been growing steadily, up about 12% over five years. The median age is 56, an older, established demographic, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $62,000 a year, or roughly $1,180 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
- Population
- 71
- +12% over 5yr
- Median age
- 56 years
- Median household income
- $62,000/yr
- Households renting
- 22%
- Family households
- 43%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 3.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mitchellstown
No properties currently listed in Mitchellstown
Search Mitchellstown listings →Frequently asked questions about Mitchellstown
What should I check before investing in Mitchellstown?
Mitchellstown has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.7%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.5% 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 Mitchellstown?
The median property price in Mitchellstown, VIC 3608 is $550K for houses and $510K for units.
What rental yield does Mitchellstown show?
The gross rental yield in Mitchellstown is 5.7% for houses and 5.0% for units. 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 Mitchellstown?
The current vacancy rate in Mitchellstown is 1.5%. 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 Mitchellstown?
Mitchellstown has a population of approximately 71 residents, with a median age of 56.
Is Mitchellstown affordable to buy in?
A median house in Mitchellstown costs about 8.9 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 Mitchellstown's population growing?
The population of Mitchellstown 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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