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Mitchelton, QLD 4053

Home » QLD Real Estate Data » Northern Brisbane, QLD » Mitchelton, QLD 4053

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mitchelton, QLD 4053 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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2 thoughts on “Mitchelton, QLD 4053”

  1. The total adult population (15 years or older) of Mitchelton 4053 QLD is 7,379, with a median age of 37. Of those, 44.55% are married, 11.70% are divorced or separated, 37.93% are single and 5.75% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $11,356. The median monthly mortgage repayment for households in this suburb is $2,167 which is 19.08% of their earnings.

    Source: ABS Census Data (2021)

  2. Analysing the Property Market in Mitchelton, Qld: Factors to Consider Before Investing

    Any real estate market is subject to various factors, including socio-economic conditions, supply and demand balance, and past growth. In this article, we delve into the property market of Mitchelton 4053, a suburb in Queensland, Australia, to provide potential investors with a comprehensive analysis of the area’s real estate data, highlighting the risks and opportunities.

    Real Estate Data: Typical Values, Rent, and Yield

    Mitchelton’s property market boasts a typical value of $949K, with a weekly median rent of $569, and a return on investment (yield) of 3.11%. The disparity between the values and rent indicates that the area has experienced substantial capital growth in the past, rather than cash flow. This capital growth, however, has somewhat cooled off, experiencing an 11.32% decline in the recent year. Consequently, rental prices have gradually increased, catching up with the market values.

    Risk and Growth Scores

    Mitchelton’s risk score stands at a high 87, suggesting that the investment’s security is relatively reliable, although the growth aspect depends on the area’s conditions. With a cash flow score of 41 and a capital growth score of 58, Mitchelton has produced more capital growth than cash flow in the past, as mentioned previously. However, there are certainly better Australian suburbs when it comes to capital growth potential.

    Trendlines and Socio-Economic Conditions

    The trend line for Mitchelton shows significant growth since 2021, largely due to the macroeconomic factors during the pandemic. Despite the sharp increase in property prices in recent years, Mitchelton is likely to experience a decline in the coming years as the market corrects itself.

    The area’s socio-economic standing is relatively high, with a rating of 9, reflecting a low investment risk. However, the rent-to-owner ratio is slightly high at 37%, which may indicate tenants’ preference to rent rather than purchase property. A lower ratio would be preferable to suggest long-term residents and a stable community. Such would affect price growth in a positive way.

    Property Types and Future Growth

    Three-bedroom houses are the most popular homes in Mitchelton, followed by four-bedroom properties. Investors should consider these property types when considering investments in the suburb. However, the area’s growth rate cyclicality (GRC) is sporadic and does not indicate solid market fundamentals, possibly due to factors such as demographics, population growth, and employment.

    Supply and Demand Balance

    Most indicators in Mitchelton’s real estate market point to an overall balanced situation. However, the trends in stock on the market, inventory, and hold periods show a recent increase in supply, suggesting a potential oversupply of properties in the coming months and years. If demand does not keep up with the influx of properties, Mitchelton may experience a decline in property values.

    Demand, meanwhile, has witnessed a decline, with increasing days on the market and some discounting occurring to sell properties faster. The vacancy rate has decreased significantly, and rental demand remains strong, however, demand for purchasing properties is not significant enough to offset the recent increase in the supply of properties.

    Weighing Risks and Opportunities before Investing

    Investors considering real estate investments in Mitchelton should weigh the area’s risks and opportunities. The property market’s sporadic typical price trend line, high rent-to-owner ratio, problematic GRC, and imbalanced supply and demand equation in recent months may indicate future declines in property values.

    Considering all these factors, it may be wise for investors to hold off on investing in Mitchelton for a year or two, observing the area’s performance before committing to investment. By staying informed and analysing the property market’s various aspects, investors can identify the best real estate investment suburbs and make well-informed decisions.

  3. Nestled in the heart of QLD, the suburb of Mitchelton 4053 is home to an estimated 4,197 households. Moving into Q3 of 2023, the property landscape here showcases flourishing prospects for investors and buyers alike, with houses carrying a typical price tag of $949,211.

    Property rental in Mitchelton rings in an attractive median weekly rent of $573. This results in an indicative yield of 3.14% – a potentially favourable figure for cashflow-oriented property investors, implying a dynamic and vibrant rental market.

    The socio-economic undercurrent of Mitchelton is upheld by an impressive IRSAD score of 1067 out of 1217. This indicatively high score reflects a strong socio-economic position amongst the residents, hinting towards an affluent community with ample economic resources.

    In this suburb, the renter to owner ratio hovers around 37%, suggesting a fairly balanced market of owners and tenants. The units to houses ratio stands at just 10%, suggesting lesser competition among landlords for tenants, making the market more appealing for investors expecting higher rental yields.

    However, the affordability index warrants a careful look as it stands at 33 years for houses, indicating a somewhat decreased affordability although still within reasonable investment boundaries.

    Delving into supply metrics, the stock-on-market percentage for houses in Mitchelton is sitting at a favourable 0.29% – a reassuring figure indicating low supply. Meanwhile, the inventory level for houses is also low, at just 1.17 months, further emphasising sturdy market absorption.

    In terms of development, the suburb posts a subtle building approval ratio of 0.9%, reflecting controlled growth in terms of new residences.

    Turning to market demand, houses typically spend an average of 38 days on the market before selling – a relatively reasonable timeline suggesting moderate demand. The combined vacancy rate for houses and units sits at a balanced 1.48%, hinting towards an equilibrium between supply and demand.

    Finally, the buy search index for houses holds steady at 5, keeping in line with the state/city average, thus indicating moderate interest in this suburb from potential buyers.

    To conclude, while some metrics could lean towards being more favourable, Mitchelton presents a fairly positive package for property investors overall. It’s worth bearing in mind that trends are just as critical as values and a watchful eye should be kept on RCS (Relative Composite Score) metric, which provides a comprehensive view of the property market scene. By analysing over 80 metrics, HtAG Analytics ensures you are well-equipped to make an informed investment decision.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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