Could Mitchelton be the best suburb in Brisbane’s northern suburbs? Read on to find out!
Date Prepared: 27th December 2024
Overview
Mitchelton, located just 9 km northwest of Brisbane’s CBD, is a thriving suburb offering a mix of modern amenities and a relaxed suburban lifestyle. Known for its leafy streets, vibrant community markets, and excellent transport options, Mitchelton is a prime choice for families, young professionals, and investors seeking convenience and charm.
Suburb Snapshot
- Median House Price (2024): $1,110,000
- Annual Growth Rate (2024): +9.1%
- Distance to Brisbane CBD: 9 km (Approx. 20 minutes’ drive)
- Distance to Sunshine Coast CBD: 100 km (Approx. 1 hour 20 minutes’ drive)
- Distance to Westfield Chermside: 7 km (Approx. 15 minutes’ drive)
Mitchelton’s proximity to Brisbane’s CBD and its blend of lifestyle and recreational amenities make it a standout choice for suburban living.
Demographics
- Population: 9,300 (approx.)
- Median Age: 37 years
- Housing Types: Predominantly detached houses with a mix of townhouses and modern apartments (ABS 2021).
Mitchelton’s diverse demographic includes families, young professionals, and retirees, creating a vibrant and inclusive community.
Property Market Overview
House Market
- Median Sale Price (2024): $1,110,000
- Median Weekly Rent (2024): $650
- Rental Yield: 3.0%
Unit Market
- Median Sale Price (2024): $630,000
- Median Weekly Rent (2024): $550
- Rental Yield: 4.5%
Long-term Growth
Mitchelton has demonstrated significant long-term growth, with the median house price increasing from $358,000 in 2006 to $1,110,000 in 2024. This equates to an annual growth rate of 6.58% over 18 years, reflecting its enduring appeal among buyers and investors.
- Significant Growth Spurts:
- 2021: +23.3% (Post-pandemic demand and local development)
- 2024: +9.1% (Strong buyer interest and limited supply)
Vacancy Rates
- Vacancy Rate (Nov 2024): 1.8%
Notable Recent Sales
- 35 Nicholson Street – $1,680,000 (Nov 2024)
- 11 Ironbark Place – $1,640,000 (Nov 2024)
- 56 Nicholson Street – $1,290,000 (Dec 2024)
Education Options
- Primary Schools: Mitchelton State School, Grovely State School
- Secondary School: Mitchelton State High School
- Private Schools: Our Lady of Dolours School, Hillbrook Anglican School
- Child Care Centres: 8 (sourced from Toddle, CareforKids, and LocalSearch)
Lifestyle and Amenities
Shopping and Dining
Mitchelton residents enjoy the convenience of Brookside Shopping Centre and the lively Blackwood Street precinct, known for its cafes, boutique stores, and farmers’ markets.
Parks and Recreation
- Teralba Park: A family-friendly space with playgrounds, picnic areas, and sports fields.
- Kedron Brook Bikeway: A scenic route perfect for cycling and walking.
Health and Wellbeing
- Local Healthcare Services: Mitchelton Medical Centre, Enoggera Family Practice
- Closest Hospitals: Royal Brisbane and Women’s Hospital (Herston), The Prince Charles Hospital (Chermside)
- Pharmacies: Multiple options within Brookside Shopping Centre and nearby precincts.
- Community Health Initiatives: Regular wellness and fitness programs held at Teralba Park.
Community and Employment
- Key Employment Sectors: Education, healthcare, professional services, and retail.
- Community Activities: Local markets, cultural events, and active sports clubs foster a strong sense of community in Mitchelton.
Recent and Planned Developments
Recent Developments
- Brookside Shopping Centre Upgrade (2023): Expanded retail offerings and improved facilities to enhance the shopping experience.
- Blackwood Street Streetscape Improvements (2023): Upgraded footpaths and lighting to support local businesses and community events.
Planned Developments
- Northern Green Link Project (Planned 2026): A new cycling and pedestrian pathway connecting Mitchelton to surrounding suburbs.
- Mitchelton Community Hub (Planned 2028): A multi-purpose facility featuring event spaces, a library, and recreational areas.
For more development projects in Brisbane North, [Click here].
For more development projects in South East Queensland, [Click here].
Key Statistics Table
| Metric | Value |
|---|---|
| Population | 9,300 (approx.) |
| Median House Price (2024) | $1,110,000 |
| Median Unit Price (2024) | $630,000 |
| Median Weekly Rent (House) | $650 |
| Median Weekly Rent (Unit) | $550 |
| Rental Yield (House) | 3.0% |
| Rental Yield (Unit) | 4.5% |
| Vacancy Rate (Nov 2024) | 1.8% |
| Child Care Centres | 8 |
Brisbane Buyer’s Agent Introduction
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Conclusion: Why Choose Mitchelton?
Mitchelton offers a perfect mix of suburban charm and urban convenience. Its vibrant community, excellent schools, and strong property market make it an appealing destination for families, professionals, and investors alike.
Ready to make Mitchelton your next destination? Contact us today to begin your journey!