Suburb Profile Report for Mitcham SA (5062)

Mitcham House: Median price $935,000, Annual capital growth 5.44%, Number of sales 21, Weekly median advertised rent $515

Mitcham Unit: Median price $560,000, Annual capital growth 7.15%, Number of sales 14, Weekly median advertised rent $305

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

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%

Metrics i HOUSE UNIT
$935,000 $560,000
-4.59% N/A
8.09% 38.44%
5.44% 7.15%
$515 $305
21 14
2.86% 2.83%
51.18 N/A

Source: CoreLogic

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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