Mitchelton

 
Our thoughts
This area is approximately 8km North West of Brisbane's CBD. Mitchelton is a beautiful leafy suburb that is generally hilly, with the majority of the homes on a North facing slope. The suburb sits North of the Gallipolli Barracks and the popular Mitchelton State High School is one of five schools in the suburb. We believe Mitchelton is sitting in the Growth stage of the property cycle.
The local government area is the City of Brisbane and it's area is approximately 4.4km. The 2011 Census showed Mitchelton's population at 8,012. The boundaries of Mitchelton are flanked by the growing working class suburb of Kepera to the North, Alderley and Ashrove to the South. Trains run directly into the CBD from Mitchelton - approximately a 25 minute journey. 
 
The median average house price for a 3 bedroom house in Mitchelton is $593k, and $613k for the area in general. This presents great buying in your price range with room for further short and longer term growth.
Mitchelton has a high percentage of owner occupiers, which is great for investors looking to buy into the area. It shows that there will be high demand for tenants in the area given the under supply of properties available for lease. We see more properties in Mitchelton sell by way of private treaty, presenting real opportunity for stronger price negotiations.
The one issue with Mitchelton is available stock. Whilst we have great contacts in the area, we are aware of the short supply. With this being the case, we would not limit our search to Mitchelton itself, but also look at Keperra - it's neighbouring suburb to the North. It's a slightly more working class suburb, but natural urban gentrification from Mitchelton will ultimately help Keperra grow. 
We believe young couples with children are the likely prospective tenants in this area for a property matching your brief. They would generally work in a professional occupation.
This region presents a solid opportunity for investment with properties available in your price range with limited work required.
 
Suburb data
Click here​

The Numbers

 

Vacancy Rates

2.5% of properties in Mitchelton

are unoccupied. We don't like the

rate to be above 3%.

Increasing/Decreasing

Vacancy Rates 

The vacancy rates in Mitchelton

are steady. We prefer this to be decreasing.

Increasing/Decreasing Population

Population has shown a steady increase since 2006 showing continual growth in the area.

Average Days on Market

30 days on avergae to sell a

3 bed home. Brisbane overall

has an average of 51.

 

Auction Clearance Rates

Mitchelton properties generally sell by private treaty. This is generally

the case across Brisbane.

Ratio of Renters to Owner Occupied

35% are renters / 65% are owner occupied. We generally prefer this to be under 35% of renters in the area. However, with low vacancy rates and a high DSR score this isn't too concerning for us.

Supply vs. Demand

DSR (Demand Supply Ratio) score of 64. The DSR is a number out of 100 that gauges the demand relative to supply for a residential property market. We look for this to be always over 50. 60 is great, 70 is excellent (but hard to find!).

Last 12 & 36 Month Capital Growth

9.18% / 17.36%

Current Area Rental Yield 

3.80%

Brisbane

 
Below is the regions we have hand picked in Brisbane that meet our investment criteria, but also, more importantly, meet your brief mandatories and budget. 
We have listed one region in Brisbane; Mitchelton and Ashgrove to the North West of Brisbane's CBD flanking either side of the Gallipolli Barracks. We have provided our topline thoughts, links to further suburb data and a selection of properties currently on the market for reference. We detail the region stats that matter and a map so you can get a better understanding of its locality.
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The Numbers

 

Vacancy Rates

2.8% of properties in Ashgrove

are unoccupied. We don't like

the rate to be above 3%.

Increasing/Decreasing

Vacancy Rates 

The vacancy rates in Ashgrove

are decreasing. This is good because it shows demand is getting stronger.

Increasing/Decreasing Population

Population has shown a steady increase in the past 5 years showing continual growth in the area.

Average Days on Market

40 days on avergae to sell a

3 bed home. Brisbane overall

has an average of 51.

 

Auction Clearance Rates

53% of properties that go to

auction sell. We like this to

be above 50% in Brisbane.

 

Ratio of Renters to Owner Occupied

31% are renters / 69% are owner occupied. We like to see under

35% of renters in the area.

Supply vs. Demand

DSR (Demand Supply Ratio) score of 58. The DSR is a number out of 100 that gauges the demand relative to supply for a residential property market. We look for this to be always over 50. 60 is great, 70 is excellent (but hard to find!).

Last 12 & 36 Month Capital Growth

4.62% / 22.55%

Current Area Rental Yield 

3.20%

Ashgrove

Our thoughts
This area is North West of Brisbane's CBD. Ashgrove is a leafy residential suburb approximately 4km from Brisbane's CBD. Ashgrove remains predominately low density residential; meaning new apartments are near non-existant. The area presents really well with beautifull renovated Queenslanders. There is four schools in the Ashgrove area including the ever popular Oakleigh State School. We believe Ashgrove is sitting in the Growth stage of the property cycle.
The local government area is the City of Brisbane and it's area is approximately 5.6km. The 2011 Census showed Ashgrove's population at 12,916. The boundaries of Ashgrove are flanked by the Gallipolli Barracks to the North and the trendy suburb of Newmarket to the East. There are trains that run directly into the CBD from Newmarket - approximately 15 minutes journey. Buses run directly from Ashgrove which takes approximately 25 minutes.
 
The median average house price for a 3 bedroom house in Ashgrove is $724k, with $850k for the area in general. We understand this is above your budget, however, we are seeing opportunities with older properties that fit to your budget. We are confident these properties will be in a condition to be leased without renovations.
Ashgrove has a high percentage of owner occupiers, which is great for investors looking to buy into the area. It shows that there will be high demand for tenants in the area given the under supply of properties available for lease. We see more properties in Ashgrove sell by way of Auction than by private treaty with a low clearance rate - but on par with the Brisbane greater area in general.
Ashgrove is a large area and we don't believe that there is a need to look at it's neighbouring suburbs Newmarket, Bardon and Paddington. Ashgrove ranks higher when using our suburb identifiers and we'd be comfortable to recommend Ashgrove properties only. 
We believe young couples and young professionals are the likely prospective tenants in this area for a property matching your brief. 
This region presents an opportunity for strong capital growth in the long-term with potential development opportunities a possibility. 
 
Suburb data
Click here​
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XXXX Region 

Our Suburb

Due-Diligence

 
In this section, we take a closer look at the region of Belconnen so you have a true understanding of the area and its surrounding. We digest the data that matters and take a look at the lifestyle elements that make Belconnen the region it is.