Mitchell Park VIC 3355
Mitchell Park is in Ballarat LGA, VIC, postcode 3355, with population 887.
Strong evidence
Mitchell Park has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Transport. Missing or weaker areas are still shown so the page does not overstate precision.
Gross rent yield screens at about 4.7%. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →853 latest-year approvals in Ballarat, +0.0% YoY; population +1.7% YoY (1.9% 5yr).
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Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent-led investor candidate
Gross rent yield screens at about 4.7%. Snapshot rent $420/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Mitchell Park has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Transport. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Transport
No fallback or lower-precision signals flagged.
Schools, Hospitals
Mitchell Park currently reads as a income-first candidate with a affordability-first secondary angle.
Gross yield screens at about 4.7%. Entry price sits in the lower-cost range for a first-pass screen. Small local population makes the signal set more fragile.
Compare it against one challenger, then use the AU calculator to model the financial case.
Gross yield screens at about 4.7%. Entry price sits in the lower-cost range for a first-pass screen.
Small local population makes the signal set more fragile.
Schools
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Mitchell Park VIC
Mitchell Park is a small community in Victoria within the Ballarat local government area (postcode 3355). With a population of 887, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $69K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Mitchell Park is $463,000, having declined 4.9% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,387.
Public transport access includes 4 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Mitchell Park offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($463K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -4.9% year-on-year. Population growth of +1.7% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Mitchell Park is a small community in Victoria within the Ballarat local government area (postcode 3355). With a population of 887, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $69K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Mitchell Park is $463,000, having declined 4.9% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,387.
Public transport access includes 4 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Mitchell Park offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($463K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -4.9% year-on-year. Population growth of +1.7% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Mitchell Park FAQ
Common questions-
What LGA is Mitchell Park in?
Mitchell Park is in the Ballarat Local Government Area, VIC, postcode 3355. Council-level context for Ballarat LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Mitchell Park?
The current median house price in Mitchell Park, VIC is $463K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Mitchell Park?
The median weekly rent in Mitchell Park is $420/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
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What does the rent signal say about Mitchell Park?
Rent-led investor candidate: Gross rent yield screens at about 4.7%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Mitchell Park a good investment?
QuickProperty's investment signals for Mitchell Park show: Moderate Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Mitchell Park?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Mitchell Park data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.