Mitcham is a well-established southern suburb with excellent train access on the Belair line, quality public and private schooling, and a family-friendly character defined by spacious period homes and parks. Strong owner-occupier demand and a low rental vacancy rate support reliable capital growth in an historically consistent market. At the current $1.05m median house price, an 80% loan at 6.25% over 30 years is about $5,172 per month.
| Median house price | $1,050,000 |
|---|---|
| Median unit price | $628,000 |
| Estimated monthly repayment | $5,172 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 4.3% |
| Gross rental yield | 4.1% |
| Typical days on market | 19 |
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