Suburb Profile - Mitchelton

Mitchelton is now filled with many shops, a very good special school, as well as good public and private schools and facilities, such as the Brookside Shopping Centre, and a very attractive shopping district on Blackwood Avenue that also features a monthly market which attracts many vendors of fine foods and wares as well as tourists. Mitchelton is also home to many sporting teams in state competition and has excellent public transport with the train station and bus stations at Brookside and other easy to get to bus stops. 

Last month Mitchelton had 45 properties available for rent and 42 properties for sale. Median property prices over the last year range from $1,100,000 for houses to $555,000 for units. If you are looking for an investment property, consider houses in Mitchelton rent out for $650 PW with an annual rental yield of 3.5% and units rent for $545 PW with a rental yield of 4.7%. Mitchelton has seen an annual compound growth rate of 18.3% for houses and 0.9% for units.

 Median House Sale Price

$1,100,000 18.3% growth over 12 months

Median Unit Sale Price

$555,000 0.9% growth over 12 months

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