Over the last year, property investments in Mitcham, 5062 have given investors a capital gain of 15.00%. This compares very favourably with the 2.82% for SA as a whole.
If we look at median property appreciation over just the last three months, Mitcham has given property investors a paper return of -8.55%. This puts Suburb as 419 on a list of fastest fasting appreciating suburbs in SA
At number 46th 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.
Residents and property investors in Mitcham have been waiting around 115.29 days to sell a property.
With a capital gain of 1.05% for the last 12 months, Mitcham, 5062 has performed for property investments than its average annual 5.11% property growth over the last 5 years.
Mitcham,5062 was ranked 468 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -10.12% to buyers in Mitcham at the moment, which is less than average for the rest of SA.
With the median price for a house in Mitcham being $385000 and the advertised rent reaching $302.5 the gross rental yield for property investors calculates out to be 4.09%