Are you looking to purchase a home or investment property in Mitchelton? As a MitcheltonBuyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Mitcheltonproperty purchase!
Mitcheltonis an in-demand suburb located 10km north west of the Brisbane CBD. The best known area of Mitchelton is Blackwood Street – home to the Jan Powers Farmers Markets and a lively cafes and restaurants precinct. Mitcheltonis bordered by the suburbs of Keperra, Arana Hills, Everton Hills, Everton Parkand Gaythorne.
The population of Mitcheltonin 2016 was around 8,546 and continues to grow. 60.7% of households in Mitcheltonare owner occupied and consistent predominantly of professional couples (aged 30-39 years old) with children.
Brookside Shopping Centre is the largest shopping centre in Brisbane’s North West. It is home to large grocery stores and around 120 specialty shops. For cafes and restaurants, head to Blackwood Street.
There is a train line running through Mitchelton providing convenient connections with the Brisbane CBD in approximately 20 minutes. There are two train stations in Mitchelton: Oxford Park in the western part of the suburb, and Mitchelton Station in the east (and close to Brookside Shopping Centre).
The area is home to a number of private and public schools including Our Lady of Dolours, Mt Maria College, Mitchelton State School and Mitchelton State High School.
Mitchelton is known for the beautiful Teralba Park, a large green open space stretching along Kedron Brook with playgrounds, walking and cycling paths, and a dog park.
Many local residents use the picturesque Kedron Brook Bikeway to commute to work in the CBD.
Most residents commute to the Brisbane CBD for work.
Australian Defence Force is a major employer attracting many homebuyers and quality long-term tenants to the area.
Traffic noise can be an issue for properties close to major thoroughfares including Samford Road and Osborne Road. Buyers should check the Brisbane City Council Flood Maps, as some areas (especially around St Helens Road) are susceptible to creek flooding.
The vast majority (77%) of properties in Mitcheltonare free standing houses.
The majority of houses north of Samford road are timber character homes and post-war weatherboard properties on 600m2 blocks.
The area south of Samford Road is a mix of post-war weatherboard homes, low-set brick homes built in the 1990s, and contemporary homes built in the 2000s.
There are also a number of unit complexes built in recent years around Brookside Shopping Centre.
The median house price in Mitchelton is $661,000 which is around Brisbane’s median.
The median house price in Mitcheltonwould typically buy a 3 bedroom, 1 bathroom house on a smaller block.
For example: 10 Elbury Street Mitchelton – sold for $665,000 in April 2019 (click to view listing)
The median unit price inMitcheltonis:$429,000
This amount would typically buy a 2 bedroom, 2 bathroom unit in a new complex.
For example: 5/116 Osborne Road Mitchelton – sold for $440,000 in March 2019 (click to view listing)
In the last 5 years the median house price has increased by 24.7%. Over the last 10 years, house prices have increased by 3.9% per annum.
Units in Mitcheltonhave seen similar price growth. In the last 5 years the median price of units has increased by 23.6%. On average, over the last 10 years unit prices have increased by 1.6% per annum.
**Statistics are accurate for June 2019
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