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The suburb’s capital gain of 5.7% for the past year is lower than average compared to its 101.92% growth within a five-year period.
Also in MITCHAM, the median home price is sitting at $1,575,000, and the average rent at $685, this suggests property owners could potentially earn a 2.26% increase in gross rental yield.
Property investors have seen a 5% gain in MITCHAM based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.48% growth over a ten-year period. It ranks 236th on our list of suburbs that property investors should look into.
Mitcham is a historic and leafy suburb situated approximately 7 kilometres south of Adelaide’s central business district (CBD). It falls within the City of Mitcham and is known for its heritage homes, tree-lined streets, and a strong sense of community, making it one of Adelaide’s most sought-after residential areas.
Mitcham has a population of around 1,800 people, with a demographic mix that includes families, professionals, and retirees. The suburb is particularly well-regarded for its charming character homes, many of which are Victorian and early 20th-century bungalows, adding to the suburb’s appeal for those seeking a peaceful and attractive residential setting.
Public transportation in Mitcham is excellent, with the Mitcham railway station providing train services to Adelaide’s CBD and other southern suburbs. Several bus routes also service the area, making commuting convenient for residents. Major roads, such as Old Belair Road and Fullarton Road, provide easy access by car to both the city and the Adelaide Hills.
Mitcham offers a wide range of amenities, including the popular Mitcham Square Shopping Centre, which features supermarkets, retail stores, cafés, and a cinema. The surrounding area also offers numerous dining options, with several local cafés, restaurants, and pubs located within walking distance. The Edinburgh Hotel and Cellars, a heritage-listed pub, is a local favourite for dining and socialising, further adding to the suburb's appeal.
For recreation, Mitcham is home to several parks and green spaces. The Mitcham Reserve is a popular spot for picnics, walking, and outdoor activities, with the nearby Brownhill Creek Recreation Park providing additional opportunities for bushwalking and enjoying nature. The suburb's proximity to the Adelaide Parklands and the foothills of the Adelaide Hills offers plenty of options for outdoor enthusiasts.
Mitcham is also a hub for education, with several prestigious schools in the area. These include Mitcham Primary School and Mitcham Girls High School, both well-regarded by local families. In addition, nearby private schools such as Scotch College and Mercedes College attract students from the surrounding areas.
The suburb’s rich history is evident in its well-preserved heritage buildings, including the Mitcham Village precinct, which dates back to the early European settlement of South Australia. The Mitcham Village Institute and other historical sites are a reminder of the area’s long-standing importance as a community hub.
Mitcham’s combination of heritage charm, excellent transport links, access to quality schools, and proximity to both the city and the Adelaide Hills make it a highly desirable suburb for a range of residents. Its peaceful residential environment, combined with modern conveniences and recreational opportunities, offers an ideal lifestyle for those looking to enjoy suburban living within easy reach of Adelaide’s CBD.