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Mitchell Park (Vic.) is a suburb in City of Ballarat, Australia with 868 residents. The median house price is $420K with a rental yield of 5.5%. Our analysis rates Mitchell Park (Vic.) with a suburb score of 80/100 for investment timing.
Property prices in this suburb are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength. Monitor price growth trends and vendor discounting to time your investment.
80
Suburb Score
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesSuburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
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Mitchell Park (Vic.) has a suburb score of 80/100 for investment timing, placing it among the top-performing suburbs in City of Ballarat for capital growth potential. The strong suburb score indicates favorable market conditions including positive price momentum, healthy rental demand, and low vacancy rates. Property investors looking for capital growth in Australia should consider Mitchell Park (Vic.) as a priority suburb.
Mitchell Park (Vic.)'s capital growth outlook is positive based on current market indicators. Key drivers supporting capital growth in Mitchell Park (Vic.) include strong buyer demand, limited housing supply, and positive demographic trends. Historical data suggests Mitchell Park (Vic.) has outperformed many suburbs in City of Ballarat for property value appreciation.
Mitchell Park (Vic.) is located within City of Ballarat Local Government Area in Australia. City of Ballarat encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Mitchell Park (Vic.) is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Mitchell Park (Vic.) is $420K based on recent sales data. At this price point, Mitchell Park (Vic.) offers an affordable entry into the Australia property market, potentially providing higher rental yields and cash flow positive investment opportunities.
Mitchell Park (Vic.) has an average rental yield of 5.5%, which is above the national average, making it attractive for investors prioritizing cash flow and rental income. High-yield suburbs like Mitchell Park (Vic.) can provide positive cash flow from day one, offsetting holding costs and mortgage payments.
Mitchell Park (Vic.) has a population of approximately 868 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Mitchell Park (Vic.) is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Mitchell Park (Vic.)'s suburb score of 80/100 can be compared against other suburbs in City of Ballarat to identify relative investment value. With a score above 80, Mitchell Park (Vic.) ranks among the top suburbs in the local government area for investment timing. This suggests stronger fundamentals compared to many neighboring suburbs. Compare all suburbs in City of Ballarat using our platform to find the best investment opportunities.
