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 3.2% and has experienced a 12-month capital growth of Up 6.2%, with a median house buy price of $1,260,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$970,000
$1,189,000
$1,313,250
$1,260,000
Suburb Market Profile
Last month Mitcham had 66 properties available for rent and 75 properties for sale. Median property prices over the last year range from $1,260,000 for houses to $853,250 for units. If you are looking for an investment property, consider houses in Mitcham rent out for $680 PW with an annual rental yield of 3.2% and units rent for $600 PW with a rental yield of 4.3%. Mitcham has seen an annual compound growth rate of 6.2% for houses and 6.0% for units.
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