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Mitchell
VIC, 3435

Thinking about buying in Mitchell? Now could not be a better time, with just 114 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,259,000 with prices in this suburb ranging from $475,000 to $3,861,000. The aproximate distance to the coast is 66 Km.

Household Makeup

Median Weekly Rent $485.00
Median Monthly Mortgage $2058.00
Median Persons Per Bedroom 0.80
Average Household Size 3.00
Average Age 47.00
Average Income $806.00
Average Cars Per Dwelling 2.44
Average Properties Within 50M 5

Housing Stock

Average Property Prices

1 Bed  $474,000
2 Bed  $1,384,000
3 Bed  $1,066,000
4 Bed  $946,000
5 Bed  $2,854,000
6 Bed+$1,215,000

Mitchell Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Mitchell driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mitchell are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Mitchell 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 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.

Houses for sale Mitchell

RayWhite 285 MALONES RD, NULLA VALE, VIC, 3435 Beds2 Bathrooms1 Under Offer

Local Schools

(While the above schools are located with the suburb of Mitchell there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Mitchell weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Feb0.213.427.930.980.8522.6
Mar1.412.224.737.984.44.417.0
Apr1.79.320.444.687.13.412.0
May2.26.915.458.893.53.28.6
Jun2.55.512.967.496.02.97.5
Jul1.94.712.168.996.33.27.8
Aug1.54.513.458.595.03.210.8
Oct1.68.620.446.286.74.419.0
Nov0.91225.236.483.94.224.2
Dec0.011.62727.681.25.426.6
Jan1.714.229.829.782.65.524.7

source: Australian Government Bureau of Meteorology


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Nearby Suburbs

Nulla ValeBenlochTantarabooHigh CampGoldiePyalongLancefieldPastoria EastBayntonGlenhope East

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