Mickleham is in the TOP 30% in VIC when comparing median price capital growth over the last year. Mickleham gave property investors a good capital gain figure when compared to the rest of the state, with 6.46%.
A 193.48% growth in median value for property investors in Mickleham,3064 puts this suburb at number 147th in terms of best performing suburbs in VIC
At number 244th of VIC’s most discounted properties, Mickleham is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Mickleham the average time real estate has been on the market is 76.6346 days.
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Just beyond the Urban Growth Boundary of Melbourne sits the suburb of Mickleham. The decline in the housing market over the past five years has pushed its median price to just over $400,000, making this suburb an affordable pocket.
Rental returns come in at an average of 4.7%; thus, investors will be getting bang for their buck. The suburb is also about 10 minutes away from the hub of amenities in nearby Craigieburn, meaning residents won’t miss out on conveniences such as shopping, sports facilities, schools and dining options. Craigieburn also offers access to public transport, including several bus routes and railway services.
The Melbourne CBD is roughly a 45-minute drive away.