As of December 2025, Mitcham maintains strong property values – a median house price of $1.2 million – despite being intersected by major roads like Whitehorse Road and having proximity to EastLink. This resilience is unusual compared to some Melbourne suburbs, and is due to a combination of factors relating to its established character and transport options.
Mitcham’s layout largely buffers residential areas from the direct impact of major roads. Many homes are set back from Whitehorse Road, and key pockets like those around Antonio Park and near Yarran Dheran Nature Reserve offer a quieter, more secluded feel. Crucially, Mitcham Station, on the Belgrave/Lilydale lines, provides a consistent 35-40 minute commute to Flinders Street, lessening reliance on road transport. The presence of multiple school zones – Antonio Park Primary, Mitcham Primary, and Mullauna Secondary – also creates localised demand. While Heatherdale Station is nearby, Mitcham’s own station is a key drawcard. Furthermore, access to amenities like Mitcham Private Hospital and the nearby Eastland shopping centre in Ringwood enhance liveability. The suburb’s established housing stock, with larger blocks common in areas north of Mitcham Road, also contributes to its appeal, attracting families who prioritise space over absolute city proximity.
Mitcham’s combination of transport accessibility, established amenities, and buffered residential areas mitigates the typical price impact associated with traffic and main road exposure.