MITCHAM 3132
State: VICPosiProp AI Investment Summary
MITCHAM (VIC 3132) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.0% and has experienced a 12-month capital growth of Up 9.6%, with a median house buy price of $1,246,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,035,000
$1,194,000
$1,375,000
$1,246,500
Suburb Market Profile
Last month Mitcham had 42 properties available for rent and 64 properties for sale. Median property prices over the last year range from $1,246,500 for houses to $860,500 for units. If you are looking for an investment property, consider houses in Mitcham rent out for $650 PW with an annual rental yield of 3.0% and units rent for $590 PW with a rental yield of 3.7%. Mitcham has seen an annual compound growth rate of 9.6% for houses and 4.0% for units.