Mitchell Park vs Oaklands Park
Oaklands Park (median $955,000) is roughly 2% cheaper to buy into than Mitchell Park ($970,000). Over the past year, Mitchell Park (+12.8%) ran 13.1 percentage points ahead of Oaklands Park (-0.3%) on house-price growth.
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Mitchell Park and Oaklands Park side by side
| Measure | Mitchell Park | Oaklands Park |
|---|---|---|
| Price and market | ||
| Median house | $970,000 | $955,000 |
| Median unit | $255,600 | $274,320 |
| House price change, 12 months | +12.8% | -0.3% |
| Renting | ||
| House rent | $687/wk | $700/wk |
| Unit rent | $490/wk | $515/wk |
| Owner occupied | 47.0% | 48.0% |
| Renter occupied | 50.0% | 48.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1059 | 1060 |
| Lifestyle and people | ||
| Walk score | 100 | 58 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 5,754 | 3,948 |
| Median age | 37 | 39 |
| Climate | ||
| Annual rainfall | 466 mm | 466 mm |
| Mean max, January | 28.8°C | 28.8°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Mitchell Park scores higher on walkability (100/100 vs 58/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Oaklands Park (1060) sits above Mitchell Park (1059).
- For buyers
- Oaklands Park is the lower entry point at $955,000 median, 2% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Oaklands Park delivers the better gross yield (3.81% vs 3.68%), but Mitchell Park has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Oaklands Park edges out on average school ICSEA (1060 vs 1059).
Mitchell Park vs Oaklands Park: common questions
Is Mitchell Park or Oaklands Park cheaper to buy in?
Oaklands Park has the lower median house price at $955,000, roughly 2% below Mitchell Park ($970,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Mitchell Park or Oaklands Park?
Over the past 12 months, Mitchell Park grew +12.8% vs -0.3% in Oaklands Park, a gap of 13.1 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Mitchell Park or Oaklands Park have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Oaklands Park scores 1060 vs 1059 in Mitchell Park. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Mitchell Park or Oaklands Park?
Mitchell Park scores 100/100 on walkability vs 58/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Mitchell Park or Oaklands Park?
Gross rental yield on houses is 3.81% in Oaklands Park vs 3.68% in Mitchell Park. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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