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Mitchell Park, SA 5043

Home » SA Real Estate Data » City of Marion, SA » Mitchell Park, SA 5043

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 Mitchell Park, SA 5043 located in Adelaide 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.

Buy 

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5BR

Rent 

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Yield 

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5BR

Buy 

1BR

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Rent 

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Yield 

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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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0 thoughts on “Mitchell Park, SA 5043”

  1. The total adult population (15 years or older) of Mitchell Park 5043 SA is 4,901, with a median age of 37. Of those, 36.40% are married, 14.79% are divorced or separated, 43.09% are single and 5.59% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,460. The median monthly mortgage repayment for households in this suburb is $1,582 which is 24.49% of their earnings.

    Source: ABS Census Data (2021)

  2. Dwelling in South Australia’s vibrant suburb, MITCHELL PARK 5043, estimated to host 3,129 households. As we enter the third quarter of 2023, houses in this locale typically sport a price tag of $666,971, with a median weekly rent of $507, suggesting a lucrative indicative yield of 3.95%.

    Paralleling a prosperous society, MITCHELL PARK scores an impressive 923 out of the potential 1,217 on the IRSAD scale, attributing to relatively elevated access to economic resources and skilled professions. Delving into the framework of the residential setting, renters account for half of the living arrangements, with the renter to owner ratio sharing a perfect equilibrium at 50%. The suburb impressively maintains variety in living arrangements, placing a below-average emphasis on units just at a 19% ratio to houses.

    However, this suburb poses challenges on the affordability front, where it would take an estimated 40 years for residents to fully own a property, considerably above the standard 30-year mortgage term. In relation to property availability, MITCHELL PARK flourishes with a minute stock on market Percentage well below the neutral range at 0.18%, and the suburb’s inventory levels for houses lie at a highly favourable 0.65 months.

    The building approvals Ratio for houses is looking healthier at 1.23%, indicating a mild influx of new dwelling stock. The dynamic real estate market of this suburb typically sees houses stay listed for 25 days, a favourable short timeframe endorsing high-demand. With the vacancy rates staggeringly low, wandering around a mere 0.32% (encompassing both houses and units), it accentuates the suburb’s high-demand, low-supply upmarket.

    Online searches for home purchases in this region fall into the neutral category with a buy search index of 4, signifying moderate interest from potential buyers. Creating a balanced matrix of demand and supply, MITCHELL PARK 5043 could serve as a potential hotspot for wise investors. It’s worth noting, the importance of keeping up with property market trends, and utilizing data-driven tools, such as RCS, developed by HtAG Analytics to automate your research.

    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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