Property value increases in Mile End have tracked just higher than the SA average of 3.24% over the last 12 months.
The five-year average increase in median property values for Mile End,5031 has given property investors a potential capital gain of 27.27% across each of those five years.
Vendor discounting in Mile End is giving property investors an average Vendor Discount of around -7.87%. This puts suburb at number 77th in SA when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.68%, without taking into account capital value appreciation, which has been averaging out at 5.51%.
Mile End is an average performer in SA when comparing median price capital growth over the last year. Mile End gave property investors a average capital gain figure when compared to the rest of the state, with 1.32%.
Mile End,5031 was ranked 926 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Mile End is offering property investors an average of -6.42. This rate of discount on properties puts Suburb at number 62th in terms of most discounted suburbs in SA
In the last year 33 properties changed hands in Mile End, which puts it as the 63th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Mile End being $415400 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.63%