Mitchell Park (postcode 5043) is a mid-sized suburb in South Australia within the Marion local government area. The area has roughly 5,754 residents and a blend of families and working-age professionals, with a median age of 37. Households earn a median income of $60K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Chinese.
Mitchell Park has a median house price of $1.2 million, which has risen steeply by 18% year-on-year. Units have a median price of $579,000 (+22.2% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 2.4%. 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.
Looking at the investment signals, Mitchell Park shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 19.4x is considered stretched. House prices have moved +18.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.