Mile End has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 4.79% to date .
Across a shorter period, Mile End, 5031 has seen a median price increase of 3.19% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Mile End is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in SA
Mile End is 284th on a list of best yielding suburbs for rents in SA with a 3.85% return
If you compare the increase in value of investment property in Mile End, 5031 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 13.03%.
While Mile End,5031 ranked number 90th in SA for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.
Sellers are offering property buyers an average discount of -6.35% to buyers in Mile End at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Mile End the average time real estate has been on the market is 59.95 days.
Property investors should expect to get $350 weekly from the median priced house in this suburb.