VIC/
Mitcham

Suburb Profile

Mitcham - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3132

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unit

Property investments in MITCHAM did not fare well against the rest of the country last year, registering a median home price decrease of 11.7%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MITCHAM, 3132 saw average growth in the long term.

Real estate investors could earn a rental income of $437.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 64.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,050,000.

MITCHAM ranks 512th on the list of best yielding suburbs for rental properties in VIC, posting a 2.17% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,050,000 $650,000
GROWTH REPORT
Median Quarterly 0.48% 0.78%
Median 12 month 11.7% 2.04%
Median 3 years 43.84% 19.43%
Median 5 years 78.72% 34.02%
10 years average annual 8.8% 5.66%
Weekly media advert. rent $437.5 $385
Time on Market 64.0 days 57.5 days
Gross Rental Yield Percent 2.17% 3.08%
demographics (median values)
Total Population
14225
Weekly Household Income
1112
Household Size
2.50
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Mitcham, VIC
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