Corangamite · 3352
Mitchell Park, VIC
8.2%/yr capital growth, population +7.8% (5y).
NextSuburb scoreTier D
29Below trend
Median house
$465k
5y growth
8.2%/yr
Gross yield
2.9%
Vacancy
2.4%
Thin market · ~0.9k residentsLow confidence
Thin marketSmall sample sizes (~7 sales/yr) can distort medians. Treat the score with caution and weight the eight-signal breakdown over the headline number.
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)8.2%/yr82/100
- Population growth+7.8% (5y)78/100
- Supply tightening+5.0% YoY25/100
- Rental yield2.9%59/100
- Rental demand2.4% vacancy40/100
- Income growth+13.0% (5y)52/100
- Construction pipelineno nearby pipeline0/100
- Affordability69% under cap69/100
Why this score
Mitchell Park scores 29/100 (Below trend). The two strongest signals: 8.2%/yr capital growth over five years and 7.8% population growth over five years. The standout watch-out: population of 887 makes the market illiquid.
Drivers
- Capital growth8.2%/yr
- Population growth+7.8% (5y)
- Budget headroom69% under cap
Risks
- Only 887 residents — illiquid, slow to sell
- No major construction project in this state
Nearest infrastructure
Melbourne Airport Rail — Sunshine Hub98.0 km away
Approved · $13.0bn · completion 2033
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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