SA has seen average median house prices change by 3.22% which means that Lower Mitcham, 5062 has done well for property investors by showing a capital gain of -2.27% over the last year
If we look at median property appreciation over just the last three months, Lower Mitcham has given property investors a paper return of -3.16%. This puts Suburb as 376 on a list of fastest fasting appreciating suburbs in SA
Property buyers and investors in Lower Mitcham 5062 should be seeing an average reduction in asking price of around -4.31% . This means that Lower Mitcham is holding prices well when compared to other suburbs in SA.
Often selling an investment property can take time, and in Lower Mitcham the average time real estate has been on the market is 51.6 days.
Property value increases in Lower Mitcham have tracked lower than the SA average of 4.44% over the last 12 months.
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 -7.43% is being offered, which puts this SA suburb at 213th most discounted overall in Australia.
Residents and property investors in Lower Mitcham have been waiting around 92.81 days to sell a property.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.