Property value increases in Mitcham have tracked higher than the SA average of 3.04% over the last 12 months.
Sellers are offering property buyers an average discount of -10.73% to buyers in Mitcham at the moment, which is less than average for the rest of SA.
Renters in Suburb are facing rents around $5760 per annum or $480 every week.
Investment property in 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 -9.64%
A 7.14% growth in median value for property investors in Mitcham,5062 puts this suburb at number 131th in terms of best performing suburbs in SA
LACK OF BUYER INTEREST may well be the reason that Mitcham is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in Mitcham the average time real estate has been on the market is 125.29 days.