Suburb Profile Report for Lower Mitcham SA (5062)

Lower Mitcham House: Median price $782,500, Annual capital growth 4.14%, Number of sales 35, Weekly median advertised rent $470

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Investment property in Lower Mitcham has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.32%

A 22.27% growth in median value for property investors in Lower Mitcham,5062 puts this suburb at number 440th in terms of best performing suburbs in SA

Vendor discounting in Lower Mitcham is giving property investors an average Vendor Discount of around -6.11%. This puts suburb at number 165th in SA when ranking the most discounted suburbs.

Lower Mitcham is 365th on a list of best yielding suburbs for rents in SA with a 3.12% return

Metrics	HOUSE	UNIT
Median price	$782,500	N/A
Quarterly growth	-8.28%	N/A
12-month growth	0.32%	N/A
Average Annual Growth	4.14%	N/A
Weekly median advertised rent	$470	N/A
Number of sales	35	N/A
Gross rental yield	3.12%	N/A
Days on market	82.6428571428571	N/A

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

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Demographics

Total population	2063
Median household income ($/weekly)	1371
Median age of persons	41
Median housing loan repayment ($/monthly)	1733
Average household size	2.4

Census	Count	Percent(%)
5-14 years	249	12.1
25-34 years	216	10.5
35-44 years	281	13.6
45-54 years	329	15.9
55-64 years	259	12.6
Others	729	35.3

Age Group

Census	Count	Percent(%)
Registered Married	866	55.2
Not Married	608	38.7
Defacto Relationship	96	6.1

Social Marital Status

Census	Count	Percent(%)
Australia	1637	81.7
Lebanon	18	0.9
Papua New Guinea	22	1.1
United Kingdom	120	6.0
Other	56	2.8
Others	151	7.5

Country of Birth

Census	Count	Percent(%)
Buddhism	15	0.8
Christianity	1227	64.5
Hinduism	18	0.9
Other Religious Groups	17	0.9
No Religion	605	31.8
Others	20	1.1

Religious Affiliation

Census	Count	Percent(%)
$600-$799	68	9.1
$1,000-$1,249	67	8.9
$1,500-$1,999	89	11.9
$2,000-$2,499	66	8.8
$2,500-$2,999	78	10.4
Others	382	50.9

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	587	35.9
Not in the labour force	531	32.5
Employed, worked part-time	419	25.7
Employed, away from work	61	3.7
Unemployed, looking for work	35	2.1

Person Characteristics

Census	Count	Percent(%)
Managers	145	13.6
Professionals	381	35.7
Technicians & trades workers	101	9.5
Clerical & administrative workers	155	14.5
Sales	106	9.9
Others	180	16.9

Occupation

Census	Count	Percent(%)
Pre-school	42	7.9
Infants/Primary	188	35.4
Secondary	121	22.8
Technical or Further Educational Institution	29	5.5
University or other Tertiary Institutions	140	26.4
Others	11	2.1

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1716	87.0
Semi-detached, row or terrace house, townhouse	174	8.8
Flat, unit or apartment	83	4.2
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0