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%