Lower Mitcham has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 13.10% to date .
A 20.76% growth in median value for property investors in Lower Mitcham,5062 puts this suburb at number 201th in terms of best performing 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.
In the last year 35 properties changed hands in Lower Mitcham, which puts it as the 262th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Lower Mitcham being $712500 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 3.39%
SA has seen average median house prices change by 4.27% which means that Lower Mitcham, 5062 has done well for property investors by showing a capital gain of -6.70% 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 -7.79%. This puts Suburb as 157 on a list of fastest fasting appreciating suburbs in SA
Sellers are offering property buyers an average discount of -7.61% to buyers in Lower Mitcham at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.