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Investment Property Mitchell Park, SA, 5043

Suburb Snapshot

Mitchell Park is a suburb in the Marion Region of South Australia. Mitchell Park has a population of 5,465 people and 44.67% of its occupants live in rental accommodation. The median listing price for houses is $775,000 and this has changed 19.23% over the past year and changed 24.00% over 2 years.

The median rent in Mitchell Park for houses is $640 per week and the median rental yield is 4.29%. Stock on the market for houses/townhouses has changed -40.00% compared to last year and the average time to sell a house/townhouse is 39 days.The median listing price for units is $465,000 and this has changed 29.16% over the past year. The average unit takes 41 days to sell and the median rent for a unit in Mitchell Park is $400 per week, producing a rental yield of 4.47%.

Supply & Demand in Mitchell Park, Marion

0.63%

Current vacancy rate


19

Rental stock available


5,465

Population


44.67%

Rental population


0.43%

Current vacancy rate


203

Rental stock available


88,614

Population


28.05%

Rental population


0.50%

Current vacancy rate


4,460

Rental stock available


1,676,654

Population


25.08%

Rental population


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Statistical data for Mitchell Park, Marion

  House Townhouses Units
Median listing price $775,000 NA $465,000
Median price change - last quarter 3.47% NA 3.33%
Median price change - 1 year 19.23% NA 29.16%
Median price change - 2 years 24.00% NA NA
  House Townhouses Units
Median weekly rent $640 $610 $400
Median yield % 4.29% NA 4.47%
Median rent change - 1 year 13.27% 1.66% 2.56%
  House Units
Previous month sales 13 4
Stock on market previous month 12 1
Stock variance vs. last year -40.00% -50.00%
Average days on market 39 41

Mitchell Park investment property listings

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