SA has seen average median house prices change by 3.24% which means that Mitcham, 5062 has done well for property investors by showing a capital gain of 11.14% over the last year
Over the longer term, Mitcham has seen property prices show investors a 24.51% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Mitcham is $828000, with sellers offering an average of -10.80% off the asking price.
With a capital gain of 7.14% for the last 12 months, Mitcham, 5062 has performed for property investments than its average annual 5.70% property growth over the last 5 years.
Comparing Mitcham,5062 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -9.14% is being offered, which puts this SA suburb at 104th most discounted overall in Australia.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.