Mitchell Park is a mid-sized suburb in South Australia within the Marion local government area (postcode 5043). With a population of 5,754, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Mitchell Park is $992,000, having surged 11.4% over the past year. Units have a median price of $579,000 (+22.2% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,582.
Mitchell Park is served by 2 schools, including 1 secondary, 1 special. The average ICSEA score is 1030, which is around the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Marion LGA is moderate at 7,421 incidents per 100,000 population.
From an investment perspective, Mitchell Park offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($992K/$950K). The price-to-income ratio of 16.4x is considered stretched. House prices have moved +11.4% year-on-year.
Mitchell Park is a mid-sized suburb in South Australia within the Marion local government area (postcode 5043). With a population of 5,754, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Mitchell Park is $992,000, having surged 11.4% over the past year. Units have a median price of $579,000 (+22.2% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,582.
Mitchell Park is served by 2 schools, including 1 secondary, 1 special. The average ICSEA score is 1030, which is around the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Marion LGA is moderate at 7,421 incidents per 100,000 population.
From an investment perspective, Mitchell Park offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($992K/$950K). The price-to-income ratio of 16.4x is considered stretched. House prices have moved +11.4% year-on-year.