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A 28.21% increase in median property prices in LOWER MITCHAM, 5062 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 80th.
A steady increase in median property prices over a five-year period in the suburb translates to a 19.76% 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 $1,000,000
The augmented property values in the suburb are trailing above the territorial average of 15.68% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $515.
Home owners selling their properties and realtors in LOWER MITCHAM usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The SA suburb ranks 317th on the list of best yielding suburbs for rental properties in SA, posting a 2.68% return.
It also places places 119th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||28.21%||N/A|
|Median 3 years||19.76%||N/A|
|Median 5 years||44.2%||N/A|
|10 years average annual||6.31%||N/A|
|Weekly media advert. rent||$515||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||2.68%||N/A|