Panorama is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 2,388, the suburb has an established demographic with a median age of 43. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Panorama is $1.3 million, having surged 15.4% over the past year. Units have a median price of $404,000 (+14.3% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $2,058.
Public transport access includes 19 bus stops. The crime rate in the Mitcham LGA is below average at 3,350 incidents per 100,000 population.
From an investment perspective, Panorama offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 13.3x is considered stretched. House prices have moved +15.4% year-on-year.
Panorama is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 2,388, the suburb has an established demographic with a median age of 43. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Panorama is $1.3 million, having surged 15.4% over the past year. Units have a median price of $404,000 (+14.3% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $2,058.
Public transport access includes 19 bus stops. The crime rate in the Mitcham LGA is below average at 3,350 incidents per 100,000 population.
From an investment perspective, Panorama offers a gross rental yield of 4.0%, rated as moderate yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 13.3x is considered stretched. House prices have moved +15.4% year-on-year.