Suburb Profile Report for Mitcham SA (5062)

Mitcham House: Median price $820,000, Annual capital growth 3.85%, Number of sales 31, Weekly median advertised rent $513

Mitcham Unit: Median price $387,400, Annual capital growth 4.29%, Number of sales 12, Weekly median advertised rent $320

  • 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.

  • House Report
  • Unit Report

At number 410th in the list of Australian suburbs ordered by increase in median house value over the last year, Mitcham, 5062 is in the top 20% with a property value increase of 11.19% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Mitcham comes in at number 157th in SA.

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 -6.93% is being offered, which puts this SA suburb at 1384th most discounted overall in Australia.

Mitcham, 5062’s gross rental yield is 3.25%

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.29%, investors should hope to achieve an overall return of 4.30%

Metrics i HOUSE UNIT
$820,000 $387,400
0.00% N/A
11.19% N/A
3.85% 4.29%
$513 $320
31 12
3.25% 4.30%
77.7894736842105 83.6

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.

DSR Score for property investment : Above average (H), Balanced (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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