How Much is My Home Worth in Mitcham?
The median price for a house in Mitcham is $920,000 as of June 27, 2019. A median-priced unit is $637,000. There have been 153 houses and 74 units sold this year. Of the house sales, 39 were four bedrooms. It takes on average 45 days to sell a house and 62 days to sell a unit. The annual capital growth for homes is 7.74% and units is 4.96%. The 12-month capital growth is -12.65% on houses and -9.26% for units.
The Demand to Supply Ratio or DSR rating puts homes and units as good. This is a good market for those wanting to invest. There are slightly more buyers than sellers. Vendors are more often than not getting their asking price. Capital growth should exceed the national average.
House prices and rent returns in Mitcham.
- 2 bedroom home No Data Rent per week $390
- 3 bedroom home $856,000 Rent per week $430
- 4 bedroom home $1,125,000 Rent per week $500
Unit prices and rent returns in Mitcham.
- 1 bedroom unit No Data Rent per week $330
- 2 bedroom unit $620,500 Rent per week $380
- 3 bedroom unit $775,000 Rent per week $476
The gross rental yield in Mitcham for a house is 2.57% and for a unit, it is 3.62%.
Free Real Estate Appraisal Mitcham
Are you going to sell your home? Do you want to know the market price for your house or unit? Our real estate agents provide free property appraisals on units, apartments, land and houses. We determine the property price based on its location to shops, schools and public transport. We also take into account recent sales history. Our appraisers will deliver a fast and accurate value of your home and what you can expect as an offer in today’s property climate. Check out our real estate suburb profile on Doncaster.
Free Rental Appraisal Mitcham
Do you want to rent your home and need a property manager? Or, do you own an investment property and need a rental manager? The O’Brien Real Estate Group manage over 3650 homes in Melbourne. Our rental appraisers will provide a free estimation on your expected weekly rent return. We will discuss with the owner the length of the lease and who they prefer renting their home. We manage the rent collection, routine inspections, maintenance and tax accounting. We have a large database of tenants wanting to rent now.
Property Valuation Mitcham
Did you know there is a difference between a property valuation and an appraisal? If, for legal reasons you require a valuation then you have to engage the services of a registered valuer. This service will come with a fee. An appraisal can be performed by any licensed real estate agent.
Lifestyle in Mitcham
Mitcham is located 21 kilometres east of Melbourne. The Mitcham train staion is in the centre of the suburb. There are a number of nature parks available to residents. The Mitcham Tigers football club compete in the Eastern District Football League. Its neighbouring suburbs include Nunawading, Vermont and Donvale.
Schools in Mitcham
There are 4 schools in Mitcham.
- Mitcham Primary School Co-educational
- Antonio Park Primary School Co-educational
- Rangeview Primary School Co-educational
- Mullauna College Year 7-12 Co-educational