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Mitcham, SA 5062
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,720,000
market range $950K-$2.0M
Median Unit
$730,000
market range $700K-$775K
Gross Yield (houses)
2.6%
1yr Growth (houses)
+6.7%
market range +2.5% to +10.0%
Investment snapshot for Mitcham
Mitcham has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mitcham market and investor summary
Mitcham (SA 5062) runs a median house price of $1.7M, with houses yielding a gross 2.6%. House prices have moved +6.7% over the past year and +15.9% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.6% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Mitcham: people, income and schools
About 1,832 people live in Mitcham, a number that has held fairly steady over five years. The median age is 44, skewed a little older, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $104,000 a year, or roughly $2,000 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 16.6 times local household income, so affordability is a genuine constraint on local buyers.
There are 38 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 6.5 km from the CBD. It is fairly car-dependent; the suburb scores 14 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 1,832
- +2% over 5yr
- Median age
- 44 years
- Median household income
- $104,000/yr
- Households renting
- 23%
- Family households
- 72%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 38
- avg ICSEA 1140
- Unemployment
- 1.1%
- Distance to CBD
- 6.5 km
- Walk score
- 14/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mitcham
View all →Frequently asked questions about Mitcham
What should I check before investing in Mitcham?
Mitcham has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +6.7% in the past year shows positive recent price momentum. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mitcham?
The median property price in Mitcham, SA 5062 is $1.7M for houses and $730K for units.
What rental yield does Mitcham show?
The gross rental yield in Mitcham is 2.6% for houses and 3.9% 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 Mitcham?
House prices in Mitcham are up 6.7% over the past year and up 15.9% 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 Mitcham?
The current vacancy rate in Mitcham is 1.1%. 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 Mitcham?
Mitcham has a population of approximately 1,832 residents, with a median age of 44.
What schools are near Mitcham?
There are 38 schools within roughly 5km of 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 Mitcham affordable to buy in?
A median house in Mitcham costs about 16.6 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 Mitcham's population growing?
The population of 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 Mitcham from the CBD?
Mitcham is about 6.5 km from the CBD.
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