Suburb Profile Report for Mitcham SA (5062)

Mitcham House: Median price $829,000, Annual capital growth 6.27%, Number of sales 28, Weekly median advertised rent $450

Mitcham Unit: Median price $404,500, Annual capital growth 6.18%, Number of sales 20, Weekly median advertised rent $313

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

Source: CoreLogic

  • House Report
  • Unit Report

Mitcham has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 3.62% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Mitcham comes in at number 64th in SA.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mitcham, 5062. Typically our figures indicate that -9.78% is being offered, which puts this SA suburb at 384th most discounted overall in Australia.

Residents and property investors in Mitcham have been waiting around 132.66 days to sell a property.

Mitcham, 5062’s gross rental yield is 2.82%

Mitcham has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 7.87% to date .

Taking the average capital gain, or increase in median house value, Mitcham,5062 has racked up an average of 7.87% over the period. This ranks it number 877th in the whole country for real estate investors looking at median house price increases.

Mitcham, 5062 is offering SA ‘s 15th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this SA.

Often selling an investment property can take time, and in Mitcham the average time real estate has been on the market is 79.23 days.

Metrics i HOUSE UNIT
$829,000 $404,500
6.83% 5.06%
3.63% 7.87%
6.27% 6.18%
$450 $313
28 20
2.82% 4.02%
132.66 79.23

Source: CoreLogic

DSR Score for property investment : Good (U), Balanced (H)
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Demographics
Total population 1786
Median household income ($/weekly) 1403
Median age of persons 49
Median housing loan repayment ($/monthly) 2000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 176 9.9
    35-44 years 172 9.6
    45-54 years 257 14.4
    55-64 years 285 16.0
    65-74 years 167 9.4
    Others 728 40.8
    Age Group
    Census Count Percent(%)
    Registered Married 673 49.8
    Not Married 579 42.9
    Defacto Relationship 99 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1328 76.5
    Malta 22 1.3
    Papua New Guinea 26 1.5
    United Kingdom 144 8.3
    Other 81 4.7
    Others 134 7.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.7
    Christianity 1150 69.2
    Hinduism 8 0.5
    Other Religious Groups 7 0.4
    No Religion 476 28.6
    Others 9 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 56 8.7
    $600-$799 51 7.9
    $800-$999 60 9.3
    $1,500-$1,999 89 13.9
    $2,500-$2,999 61 9.5
    Others 325 50.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 618 41.0
    Employed, worked full-time 508 33.7
    Employed, worked part-time 316 21.0
    Employed, away from work 42 2.8
    Unemployed, looking for work 22 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 134 15.4
    Professionals 316 36.4
    Community & personal service workers 89 10.2
    Clerical & administrative workers 120 13.8
    Sales 78 9.0
    Others 132 15.2
    Occupation
    Census Count Percent(%)
    Pre-school 21 4.8
    Infants/Primary 125 28.8
    Secondary 112 25.8
    Technical or Further Educational Institution 15 3.5
    University or other Tertiary Institutions 150 34.6
    Others 11 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1276 79.9
    Semi-detached, row or terrace house, townhouse 124 7.8
    Flat, unit or apartment 167 10.5
    Caravan, cabin, houseboat 22 1.4
    House or flat attached to a shop, office 5 0.3
    Others 3 0.2
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 314 45.5
    Being purchased 219 31.7
    Rented 150 21.7
    Other tenure type 7 1.0
    Tenure Type
Census 2011, ABS
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