Mickleham, 3064 ranked 42th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mickleham is one of 2098 in our list for VIC
LACK OF BUYER INTEREST may well be the reason that Mickleham is offering property investors an average of -5.04. This rate of discount on properties puts Suburb at number 615th in terms of most discounted suburbs in VIC
Situated 29.20km from the CBD, Mickleham is one of Hume localities in the postcode 3064.
The decline in the housing market over the past five years has pushed Mickleham's median price to just over $400,000, making this suburb an affordable pocket in Melbourne.Full summary
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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.