Suburb Profile Report for Mitcham SA (5062)

Mitcham House: Median price $815,000, Annual capital growth 6.87%, Number of sales 23, Weekly median advertised rent $480

Mitcham Unit: Median price $380,000, Annual capital growth 4.86%, Number of sales 17, Weekly median advertised rent $318

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

Source: CoreLogic

  • House Report
  • Unit Report

Mitcham is in the TOP 30% in SA when comparing median price capital growth over the last year. Mitcham gave property investors a good capital gain figure when compared to the rest of the state, with 8.67%.

Taking the average capital gain, or increase in median house value, Mitcham,5062 has racked up an average of 8.67% over the period. This ranks it number 871th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Mitcham should be aiming for at least -10.73% off the asking price, which is the average vendor discount being achieved at the moment.

The SA suburb of Mitcham, 5062 is in the Mitcham local government area.

Over the last year, property investments in Mitcham, 5062 have given investors a capital gain of -9.52%. This compares very badly with the 4.30% for SA as a whole.

The five-year average increase in median property values for Mitcham,5062 has given property investors a potential capital gain of 10.14% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.18% offered to property buyers. Sellers in Mitcham itself are offering an average vendor discount of -5.80% to real estate investors.

Situated 5.97km from the CBD, Mitcham is one of Mitcham localities in the postcode 5062.

HOUSE UNIT
$815,000 $380,000
-1.81% -0.26%
8.67% -9.52%
6.87% 4.86%
$480 $318
23 17
3.06% 4.34%
113.08 88.53

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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