Mile End is in the TOP 20% in SA when comparing median price capital growth over the last year. Mile End gave property investors a very good capital gain figure when compared to the rest of the state, with 11.59%.
Over the longer term, Mile End has seen property prices show investors a 30.66% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Mile End itself are offering an average vendor discount of -4.53% to real estate investors.
Renters in Suburb are facing rents around $5160 per annum or $430 every week.
Giving property investors a a solid capital gain of 20.70% for the last year, Mile End, 5031 is the 160th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Mile End,5031 has racked up an average of 20.70% over the period. This ranks it number 720th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Mile End are currently offering property investors an average price cut of -6.31% below the asking price at the moment.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.74%, without taking into account capital value appreciation, which has been averaging out at 5.24%.