Property investors who have had real estate in Mitcham, 5062 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.40%
Mitcham,5062 was ranked 1363 in Australia by increase in median property value over the quarter.
At number 21th of SA’s most discounted properties, Mitcham is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $595 and the average annual increase in value of a median property of 7.64%, investors should hope to achieve an overall return of 3.80%
With a capital gain of -9.29% for the last 12 months, Mitcham, 5062 has performed for property investments than its average annual 5.32% property growth over the last 5 years.
Mitcham,5062 has offered an average of -9.29% return per annum in house price rises to property investors over the last three years.
Mitcham5062 is located in SA which offers an average discount of -6.06% to property investors. Mitcham itself is showing figures that indicate -4.45% is the average achievable by property buyers investing in the suburb.
Mitcham is 157th on a list of best yielding suburbs for rents in SA with a 3.99% return