Over the last year, property investments in Lower Mitcham, 5062 have given investors a capital gain of -8.19%. This compares very badly with the 3.22% for SA as a whole.
If we look at median property appreciation over just the last three months, Lower Mitcham has given property investors a paper return of -9.09%. This puts Suburb as 427 on a list of fastest fasting appreciating suburbs in SA
The most recent median price for Lower Mitcham is $650000, with sellers offering an average of -3.42% off the asking price.
Often selling an investment property can take time, and in Lower Mitcham the average time real estate has been on the market is 43.92 days.
Lower Mitcham is in the bottom 20% in SA when comparing median price capital growth over the last year. Lower Mitcham gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.09%.
Lower Mitcham5062 is located in SA which offers an average discount of -6.37% to property investors. Lower Mitcham itself is showing figures that indicate -6.48% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Lower Mitcham being $350000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.01%