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Lower Mitcham, SA 5062
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,670,000
market range $950K-$1.9M
Median Unit
$600,000
market range $550K-$925K
Gross Yield (units)
2.5%
1yr Growth (houses)
+11.0%
market range +7.5% to +15.0%
Investment snapshot for Lower Mitcham
Lower Mitcham has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lower Mitcham market and investor summary
In Lower Mitcham, SA 5062, the median house sells for around $1.7M. House prices have moved +11.0% over the past year and +46.1% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Lower Mitcham: people, income and schools
About 2,187 people live in Lower Mitcham, a number that has held fairly steady over five years. At a median age of 45, it reads as skewed a little older, and 82% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $106,000 a year (about $2,050 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.7 times local household income, so affordability is a genuine constraint on local buyers.
Families have 49 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Lower Mitcham sits about 5.9 km from the CBD. It is fairly car-dependent; the suburb scores 26 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,187
- +2% over 5yr
- Median age
- 45 years
- Median household income
- $106,000/yr
- Households renting
- 14%
- Family households
- 74%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 49
- avg ICSEA 1121
- Unemployment
- 1.1%
- Distance to CBD
- 5.9 km
- Walk score
- 26/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lower Mitcham
View all →Frequently asked questions about Lower Mitcham
What should I check before investing in Lower Mitcham?
Lower Mitcham has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +11.0% in the past year shows strong recent price momentum. 3-year capital growth of +46.1% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lower Mitcham?
The median property price in Lower Mitcham, SA 5062 is $1.7M for houses and $600K for units.
What rental yield does Lower Mitcham show?
The gross rental yield in Lower Mitcham is 2.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Lower Mitcham?
House prices in Lower Mitcham are up 11.0% over the past year and up 46.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Lower Mitcham?
The current vacancy rate in Lower Mitcham is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Lower Mitcham?
Lower Mitcham has a population of approximately 2,187 residents, with a median age of 45.
What schools are near Lower Mitcham?
There are 49 schools within roughly 5km of Lower Mitcham. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lower Mitcham affordable to buy in?
A median house in Lower Mitcham costs about 15.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Lower Mitcham's population growing?
The population of Lower Mitcham has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Lower Mitcham from the CBD?
Lower Mitcham is about 5.9 km from the CBD.
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