Mitcham is in the TOP 30% in SA when comparing median price capital growth over the last year. Mitcham gave property investors a good capital gain figure when compared to the rest of the state, with 8.67%.
Taking the average capital gain, or increase in median house value, Mitcham,5062 has racked up an average of 8.67% over the period. This ranks it number 871th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Mitcham should be aiming for at least -10.73% off the asking price, which is the average vendor discount being achieved at the moment.
The SA suburb of Mitcham, 5062 is in the Mitcham local government area.
Over the last year, property investments in Mitcham, 5062 have given investors a capital gain of -9.52%. This compares very badly with the 4.30% for SA as a whole.
The five-year average increase in median property values for Mitcham,5062 has given property investors a potential capital gain of 10.14% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.18% offered to property buyers. Sellers in Mitcham itself are offering an average vendor discount of -5.80% to real estate investors.
Situated 5.97km from the CBD, Mitcham is one of Mitcham localities in the postcode 5062.