Mitcham is a small community in South Australia within the Mitcham local government area (postcode 5062). With a population of 1,832, the suburb has an established demographic with a median age of 44. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mitcham is $1.7 million, having declined 6% over the past year. Units have a median price of $710,000 (+31.5% YoY). The current median weekly rent is $696. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
Public transport access includes 11 bus stops. The crime rate in the Mitcham LGA is below average at 2,456 incidents per 100,000 population.
From an investment perspective, Mitcham offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved -6.0% year-on-year.
Mitcham is a small community in South Australia within the Mitcham local government area (postcode 5062). With a population of 1,832, the suburb has an established demographic with a median age of 44. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mitcham is $1.7 million, having declined 6% over the past year. Units have a median price of $710,000 (+31.5% YoY). The current median weekly rent is $696. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
Public transport access includes 11 bus stops. The crime rate in the Mitcham LGA is below average at 2,456 incidents per 100,000 population.
From an investment perspective, Mitcham offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved -6.0% year-on-year.