Property investors who have had real estate in Lower Mitcham, 5062 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.54%
Over the longer term, Lower Mitcham has seen property prices show investors a 20.00% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Lower Mitcham itself are offering an average vendor discount of -4.31% to real estate investors.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Lower Mitcham, 5062 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -2.20%.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lower Mitcham, 5062. Typically our figures indicate that -7.36% is being offered, which puts this SA suburb at 219th most discounted overall in Australia.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Lower Mitcham, 5062’s gross rental yield is 4.10%