Lower Mitcham is in the bottom 40% in SA when comparing median price capital growth over the last year. Lower Mitcham gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.29%.
Property buyers and investors in Lower Mitcham 5062 should be seeing an average reduction in asking price of around -2.62% . This means that Lower Mitcham is holding prices well when compared to other suburbs in SA.
Residents and property investors in Lower Mitcham have been waiting around 35.06 days to sell a property.
Lower Mitcham, 5062’s gross rental yield is 3.41%
If you compare the increase in value of investment property in Lower Mitcham, 5062 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -9.09%.
A 34.62% growth in median value for property investors in Lower Mitcham,5062 puts this suburb at number 130th in terms of best performing suburbs in SA
Lower Mitcham, 5062 is offering SA ‘s 40th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this SA.
With the median price for a house in Lower Mitcham being $350000 and the advertised rent reaching $282.5 the gross rental yield for property investors calculates out to be 4.20%