Over the last year, property investments in Mitcham, 5062 have given investors a capital gain of 8.09%. This compares favourably with the 2.55% 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 61.90% across each of those five years.
The most recent median price for Mitcham is $935000, with sellers offering an average of -9.27% off the asking price.
With the median price for a house in Mitcham being $935000 and the advertised rent reaching $515 the gross rental yield for property investors calculates out to be 2.86%
Mitcham is in the TOP 10% in SA when comparing median price capital growth over the last year. Mitcham gave property investors a very good capital gain figure when compared to the rest of the state, with 38.44%.
Using the current median advertised rental of $305 and the average annual increase in value of a median property of 7.15%, investors should hope to achieve an overall return of 2.83%