Suburb Profile Report for Lower Mitcham SA (5062)

Lower Mitcham House: Median price $690,000, Annual capital growth 5.32%, Number of sales 30, Weekly median advertised rent $470

Lower Mitcham Unit: Median price $350,000, Annual capital growth 1.00%, Number of sales 11, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Lower Mitcham, 5062 ranked 354th in SA when comparing growth in median property values or capital gain over the last 12 months. Lower Mitcham is one of 853 in our list for SA

A 22.67% growth in median value for property investors in Lower Mitcham,5062 puts this suburb at number 49th in terms of best performing suburbs in SA

At number 383th of SA’s most discounted properties, Lower Mitcham is in the TOP 10% of the state/territory when listing in order of most discounted to least.

A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.54%, without taking into account capital value appreciation, which has been averaging out at 5.32%.

Lower Mitcham, 5062 ranked 162th in SA when comparing growth in median property values or capital gain over the last 12 months. Lower Mitcham is one of 853 in our list for SA

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 -7.30% is the average achievable by property buyers investing in the suburb.

Metrics i HOUSE UNIT
$690,000 $350,000
6.77% -0.71%
-2.54% -19.12%
5.32% 1.00%
$470 $270
30 11
3.54% 4.01%
35.06 109.54

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Lower Mitcham SA
Demographics
Total population 2063
Median household income ($/weekly) 1371
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 249 12.1
    25-34 years 216 10.5
    35-44 years 281 13.6
    45-54 years 329 15.9
    55-64 years 259 12.6
    Others 729 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 866 55.2
    Not Married 608 38.7
    Defacto Relationship 96 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1637 81.7
    Lebanon 18 0.9
    Papua New Guinea 22 1.1
    United Kingdom 120 6.0
    Other 56 2.8
    Others 151 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 0.8
    Christianity 1227 64.5
    Hinduism 18 0.9
    Other Religious Groups 17 0.9
    No Religion 605 31.8
    Others 20 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 68 9.1
    $1,000-$1,249 67 8.9
    $1,500-$1,999 89 11.9
    $2,000-$2,499 66 8.8
    $2,500-$2,999 78 10.4
    Others 382 50.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 587 35.9
    Not in the labour force 531 32.5
    Employed, worked part-time 419 25.7
    Employed, away from work 61 3.7
    Unemployed, looking for work 35 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 145 13.6
    Professionals 381 35.7
    Technicians & trades workers 101 9.5
    Clerical & administrative workers 155 14.5
    Sales 106 9.9
    Others 180 16.9
    Occupation
    Census Count Percent(%)
    Pre-school 42 7.9
    Infants/Primary 188 35.4
    Secondary 121 22.8
    Technical or Further Educational Institution 29 5.5
    University or other Tertiary Institutions 140 26.4
    Others 11 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1716 87.0
    Semi-detached, row or terrace house, townhouse 174 8.8
    Flat, unit or apartment 83 4.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 355 44.2
    Being purchased 298 37.1
    Rented 140 17.4
    Other tenure type 10 1.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals