Investment property in Lower Mitcham has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.28%
If we look at median property appreciation over just the last three months, Lower Mitcham has given property investors a paper return of 0.35%. This puts Suburb as 223 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Lower Mitcham is giving property investors an average Vendor Discount of around -4.31%. This puts suburb at number 335th in SA when ranking the most discounted suburbs.
Investment property in Lower Mitcham has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.36%
While Lower Mitcham,5062 ranked number 159th in SA for increase in median house value (annualised) increase, it is ranked 153th over the last 5 years.
Lower Mitcham, 5062 is offering SA ‘s 41th 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.
Residents and property investors in Lower Mitcham have been waiting around 84.23 days to sell a property.
A $255 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 10.96%.