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Mitcham

POSTAL CODE: VIC, 3132
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Property investments in MITCHAM did not fare well against the rest of the country last year, registering a median home price decrease of 5.89%.

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 $635 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 55.2 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 $1,250,000.

MITCHAM ranks 483rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.64% return.

Surburb overview

Mitcham is a suburb in the City of Whitehorse, approximately 20 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has 16,795 residents.

The suburb is known for its leafy streets and family-friendly atmosphere. Mitcham offers a variety of parks and recreational facilities, including:

Yarran Dheran Nature Reserve is a bushland park located along Mullum Creek. It features walking trails and native flora and fauna.
- Halliday Park: A public garden with a war memorial, large children's playground, and home to the Mitcham Bowling Club.
- Walker Park: A sports reserve that hosts the Mitcham Cricket Club and Mitcham Football Club.
- Antonio Park: A seven-hectare area with playgrounds, walking trails, remnant bushland, and BBQ facilities.

The main shopping precinct is located at the intersection of Whitehorse Road and Mitcham Road. It includes a supermarket, cafes, fast-food outlets, and specialty shops.

Mitcham is well-served by public transportation. The Mitcham railway station, on the Belgrave and Lilydale lines, provides residents convenient access to Melbourne and surrounding areas. The station was rebuilt in 2014 as part of a grade separation project to improve traffic flow and safety.

Educational facilities in Mitcham include Mullauna College, a public co-educational high school catering to students from Year 7 to 12.
 Schwerkolt Cottage, a pioneer stone cottage built around 188, is a notable historical site in the area. The heritage site includes the original cottage, replicated outbuildings, and a local history museum, all set within 2.25 hectares of gardens and bushland.

In terms of housing, Mitcham offers a mix of property types, including standalone houses, townhouses, and apartments. The suburb's green spaces and proximity to essential services make it an attractive location for families, professionals, and retirees.

Mitcham provides a harmonious blend of residential living, essential services, and recreational opportunities, making it a desirable suburb for those seeking a balanced lifestyle.

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