As of December 2025, Mitcham’s median house price is $1.2 million, demonstrating strong value retention, largely due to its strategic location and established infrastructure.
Mitcham’s value is underpinned by its 20km east of Melbourne’s CBD, combined with excellent transport links. Currently, Mitcham Station provides direct access via the Belgrave and Lilydale lines, offering a 35-40 minute commute to Flinders Street Station. This accessibility is a key driver, particularly as Melbourne’s urban sprawl continues. The proximity to EastLink further enhances connectivity. Beyond transport, Mitcham benefits from being within the catchment zones for highly regarded schools like Antonio Park Primary and Mullauna Secondary, consistently attracting families. The presence of amenities like Antonio Park, Yarran Dheran Natural Heritage Park, and Mitcham Private Hospital contribute to a high quality of life. Neighbouring suburbs like Box Hill and Ringwood, with major shopping centres like Eastland, add to the area’s convenience. This combination of factors creates a resilient property market, less susceptible to significant downturns compared to more peripheral locations.
Mitcham’s long-term property value protection stems from a confluence of accessibility, quality schools, and established amenities, making it a consistently desirable suburb in 2026.