Loading...
Loading...
The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
2023 Picki. All rights reserved.
Mitchell Park (SA) is a suburb in City of Marion, Australia with 5465 residents. The median house price is $770K with a rental yield of 3.6%. Our analysis rates Mitchell Park (SA) with a suburb score of 61/100 for investment timing.
Property prices in this suburb may grow below average in the short term. Rental growth could also slow during this consolidation phase. Consider monitoring market indicators before investing.
61
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]
Loading...
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. |
|---|
Mitchell Park (SA) has a suburb score of 61/100 for investment timing, placing it in the moderate investment category within City of Marion. The suburb shows balanced fundamentals for property investment, with reasonable growth potential and stable rental returns. Investors seeking a mix of capital growth and rental yield may find Mitchell Park (SA) suitable for their portfolio.
Mitchell Park (SA)'s capital growth outlook is moderate based on current market indicators. Mitchell Park (SA) shows stable growth fundamentals with some variation across different property types. Investors should consider factors like proximity to amenities, school catchments, and infrastructure developments when assessing individual property growth potential.
Mitchell Park (SA) is located within City of Marion Local Government Area in Australia. City of Marion encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Mitchell Park (SA) is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Mitchell Park (SA) is $770K based on recent sales data. This median price positions Mitchell Park (SA) as a mid-market suburb in City of Marion, balancing accessibility for investors with capital growth potential.
Mitchell Park (SA) has an average rental yield of 3.6%, which is around the national average for Australian property. This balanced yield suggests Mitchell Park (SA) offers a reasonable income return while still providing capital growth potential typical of established suburbs in Australia.
Mitchell Park (SA) has a population of approximately 5465 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Mitchell Park (SA) is a medium-sized suburb with a balanced community feel and access to local services.
Mitchell Park (SA)'s suburb score of 61/100 can be compared against other suburbs in City of Marion to identify relative investment value. With a score between 50-80, Mitchell Park (SA) sits in the middle tier of City of Marion suburbs. Some neighboring suburbs may offer better timing opportunities while others may be less favorable. Compare all suburbs in City of Marion using our platform to find the best investment opportunities.
