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Mitchelton, QLD 4053
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,350,000
market range $1.3M-$1.5M
Median Unit
$850,000
market range $775K-$1M
Gross Yield (units)
4.0%
1yr Growth (houses)
+9.0%
market range +5.0% to +12.5%
Investment snapshot for Mitchelton
Mitchelton has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mitchelton market and investor summary
Mitchelton (QLD 4053) runs a median house price of $1.4M. House prices have moved +9.0% over the past year and +36.5% over three years. At 1.3% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Mitchelton: people, income and schools
Mitchelton has a resident population of roughly 9,244, 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 71% of households.
Households here earn a median of about $116,000 a year, or roughly $2,230 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
There are 46 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 8.3 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 59 for walkability and 43 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 9,244
- +8% over 5yr
- Median age
- 37 years
- Median household income
- $116,000/yr
- Households renting
- 37%
- Family households
- 71%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 46
- avg ICSEA 1072
- Unemployment
- 3.6%
- Distance to CBD
- 8.3 km
- Walk score
- 59/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mitchelton
View all →Frequently asked questions about Mitchelton
What should I check before investing in Mitchelton?
Mitchelton has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Capital growth of +9.0% 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 Mitchelton?
The median property price in Mitchelton, QLD 4053 is $1.4M for houses and $850K for units.
What rental yield does Mitchelton show?
The gross rental yield in Mitchelton is 4.0% 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 Mitchelton?
House prices in Mitchelton are up 9.0% over the past year and up 36.5% 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 Mitchelton?
The current vacancy rate in Mitchelton is 1.3%. 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 Mitchelton?
Mitchelton has a population of approximately 9,244 residents, with a median age of 37.
What schools are near Mitchelton?
There are 46 schools within roughly 5km of Mitchelton. 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 Mitchelton affordable to buy in?
A median house in Mitchelton costs about 11.7 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 Mitchelton's population growing?
The population of Mitchelton 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 Mitchelton from the CBD?
Mitchelton is about 8.3 km from the CBD.
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