Suburb Profile Report for Mile End SA (5031)

Mile End House: Median price $628,300, Annual capital growth 5.47%, Number of sales 60, Weekly median advertised rent $430

Mile End Unit: Median price $495,000, Annual capital growth 7.11%, Number of sales 30, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Mile End, 5031 ranked 62th in SA when comparing growth in median property values or capital gain over the last 12 months. Mile End is one of 853 in our list for SA

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mile End has increased when compared to the 5 year average annual rate.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Mile End itself are offering an average vendor discount of -4.88% to real estate investors.

Often selling an investment property can take time, and in Mile End the average time real estate has been on the market is 44.31 days.

Property investors should expect to get $430 weekly from the median priced house in this suburb.

Property investors who have had real estate in Mile End, 5031 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.31%

Mile End,5031 has offered an average of 19.31% return per annum in house price rises to property investors over the last three years.

At number 88th of SA’s most discounted properties, Mile End is in the middle of the state/territory when listing in order of most discounted to least.

Metrics i HOUSE UNIT
$628,300 $495,000
3.34% 19.16%
12.20% 19.31%
5.47% 7.11%
$430 $360
60 30
3.56% 3.78%
44.31 72.36

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 4412
Median household income ($/weekly) 1132
Median age of persons 34
Median housing loan repayment ($/monthly) 1800
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 388 8.8
    20-24 years 509 11.5
    25-34 years 831 18.8
    35-44 years 707 16.0
    45-54 years 585 13.3
    Others 1393 31.6
    Age Group
    Census Count Percent(%)
    Not Married 1846 53.2
    Registered Married 1181 34.1
    Defacto Relationship 441 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2802 66.7
    Croatia 164 3.9
    Hong Kong 247 5.9
    United Kingdom 152 3.6
    Other 216 5.1
    Others 620 14.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 148 3.7
    Christianity 2260 56.3
    Islam 174 4.3
    Other Religious Groups 72 1.8
    No Religion 1317 32.8
    Others 46 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 156 9.6
    $400-$599 183 11.2
    $600-$799 152 9.3
    $1,500-$1,999 204 12.5
    $2,000-$2,499 147 9.0
    Others 787 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1338 37.3
    Not in the labour force 1241 34.6
    Employed, worked part-time 718 20.0
    Unemployed, looking for work 149 4.2
    Employed, away from work 141 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 278 12.7
    Professionals 657 29.9
    Technicians & trades workers 255 11.6
    Community & personal service workers 222 10.1
    Clerical & administrative workers 297 13.5
    Others 486 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 53 4.5
    Infants/Primary 286 24.5
    Secondary 207 17.7
    Technical or Further Educational Institution 126 10.8
    University or other Tertiary Institutions 463 39.6
    Others 34 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2636 63.1
    Semi-detached, row or terrace house, townhouse 1045 25.0
    Flat, unit or apartment 498 11.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 810 46.2
    Being purchased 470 26.8
    Fully owned 461 26.3
    Other tenure type 13 0.7
    Tenure Type
Census 2011, ABS
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