Mitchelton boasts a bustling dining and café culture, with Blackwood Street hosting a popular weekend farmers’ market. The suburb also features a range of parks and sporting facilities, making it a great place for families and outdoor enthusiasts.
Mitchelton’s blend of affordability and proximity to the CBD makes it a great suburb for long-term capital growth. The recent increase in residential developments and public transport upgrades further bolster its investment potential.
Tenants love the mix of modern and character homes, as well as the easy access to public transport and major shopping centers like Brookside. The suburb’s lively community events and proximity to schools also make it appealing for young families.
All Houses Weekly Rent Index: $710.42 per week, Increase of 4.8% per annum
All Units Weekly Rent Index: $709.05 per week Increase of 12.6% per annum
Rental Yield for Houses: 3.6%
Rental Yield for Units: 5.6%