SA/
Lower mitcham

Suburb Profile

Lower Mitcham - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5062

house

A steady increase in median property prices over a five-year period in the suburb translates to a 18.83% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $760,500

The augmented property values in the suburb are trailing above the territorial average of 3.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $450.

Home owners selling their properties and realtors in LOWER MITCHAM usually have to wait an average of 54.8 days days before their assets are lifted off the market.

The SA suburb ranks 345th on the list of best yielding suburbs for rental properties in SA, posting a 3.08% return.

It also places places 36th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $760,500 N/A
GROWTH REPORT
Median Quarterly 7.87% N/A
Median 12 month 6.74% N/A
Median 3 years 18.83% N/A
Median 5 years 34.96% N/A
10 years average annual 5.76% N/A
Weekly media advert. rent $450 N/A
Time on Market 54.8 days N/A
Gross Rental Yield Percent 3.08% N/A
demographics (median values)
Total Population
2002
Weekly Household Income
1107
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type
promoted stories