Thinking about buying in Mitchell Park? Now could not be a better time, with 644 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $517,000 with prices in this suburb ranging from $335,000 to $1,932,000.
Distance to the coast is 79 Km.
|Median Weekly Rent||$303.64|
|Median Monthly Mortgage||$1554.64|
|Median Persons Per Bedroom||0.77|
|Average Household Size||2.82|
|Average Cars Per Dwelling||2.22|
|Average Properties Within 50M||8|
|1 Bed $357,000|
|2 Bed $409,000|
|3 Bed $525,000|
|4 Bed $647,000|
|5 Bed $925,000|
In Mitchell Park there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Mitchell Park due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Mitchell Park changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Mitchell Park the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|9 HIGHFIELD RD, MITCHELL PARK, VIC, 3355||4||2||4||$1,300,000 - $1,400,000|
|2 MODESTINO PL, MITCHELL PARK, VIC, 3355||3||2||2||$479,000-$499,000|
Yuille Park P-8 Community College
Our Lady Help of Christians School
Ballarat Secondary College
Forest Street Primary School
Miners Rest Primary School(While the above schools are located with the suburb of Mitchell Park there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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