Suburb Profile Report for Mitcham SA (5062)

Mitcham House: Median price $847,500, Annual capital growth 5.24%, Number of sales 32, Weekly median advertised rent $450

Mitcham Unit: Median price $415,000, Annual capital growth 3.78%, Number of sales 17, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 3.99% for the last year, Mitcham, 5062 is the 2484th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Mitcham,5062 has racked up an average of 3.99% over the period. This ranks it number 1519th in the whole country for real estate investors looking at median house price increases.

Mitcham, 5062 is offering SA ‘s 57th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.

With the median price for a house in Mitcham being $847500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.76%

At number 547th in the list of Australian suburbs ordered by increase in median house value over the last year, Mitcham, 5062 is in the top 40% with a property value increase of 9.21% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mitcham has increased when compared to the 5 year average annual rate.

At number 20th of SA’s most discounted properties, Mitcham is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Mitcham the average time real estate has been on the market is 91.31 days.

Mitcham, 5062’s gross rental yield is 3.76%

Metrics i HOUSE UNIT
$847,500 $415,000
2.23% 2.60%
3.99% 9.21%
5.24% 3.78%
$450 $300
32 17
2.76% 3.76%
106.34 91.31

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Mitcham SA
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
Chart Table
Recent sales & rentals