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%