Mitchelton is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4053). With a population of 9,244, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $116K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mitchelton is $1.1 million, having surged 19.3% over the past year. Units have a median price of $552,000 (-2% YoY). The current median weekly rent is $640. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,167.
Mitchelton is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 1057, which is above the national average of 1,000. Public transport access includes 2 rail stations, 46 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Mitchelton offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 9.5x is considered moderate. House prices have moved +19.3% year-on-year.
Mitchelton is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4053). With a population of 9,244, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $116K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mitchelton is $1.1 million, having surged 19.3% over the past year. Units have a median price of $552,000 (-2% YoY). The current median weekly rent is $640. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,167.
Mitchelton is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 1057, which is above the national average of 1,000. Public transport access includes 2 rail stations, 46 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Mitchelton offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.1M). The price-to-income ratio of 9.5x is considered moderate. House prices have moved +19.3% year-on-year.