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Investment Property Mitcham, VIC, 3132

Suburb Snapshot

Mitcham is a suburb in the Whitehorse Region of Victoria. Mitcham has a population of 16,151 people and 25.27% of its occupants live in rental accommodation. The median listing price for houses is $1,080,000 and this has changed 2.85% over the past year and changed 8.00% over 2 years.

The median rent in Mitcham for houses is $600 per week and the median rental yield is 2.88%. Stock on the market for houses/townhouses has changed -3.85% compared to last year and the average time to sell a house/townhouse is 69 days.The median listing price for units is $680,000 and this has changed 4.61% over the past year. The average unit takes 73 days to sell and the median rent for a unit in Mitcham is $500 per week, producing a rental yield of 3.82%.

Supply & Demand in Mitcham, Whitehorse

0.75%

Current vacancy rate


55

Rental stock available


16,151

Population


25.27%

Rental population


1.07%

Current vacancy rate


819

Rental stock available


162,076

Population


25.58%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Mitcham, Whitehorse

  House Townhouses Units
Median listing price $1,080,000 $950,000 $680,000
Median price change - last quarter 2.32% -4.05% -2.21%
Median price change - 1 year 2.85% 5.55% 4.61%
Median price change - 2 years 8.00% 7.95% 6.25%
  House Townhouses Units
Median weekly rent $600 $650 $500
Median yield % 2.88% 3.55% 3.82%
Median rent change - 1 year 9.09% 8.33% 11.11%
  House Units
Previous month sales 18 4
Stock on market previous month 50 24
Stock variance vs. last year -3.85% 0.00%
Average days on market 69 73

Mitcham investment property listings

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