Investment property in Mile End has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.05%
A 26.46% growth in median value for property investors in Mile End,5031 puts this suburb at number 299th in terms of best performing suburbs in SA
Mile End, 5031 is offering SA ‘s 127th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.
In the last year 61 properties changed hands in Mile End, which puts it as the 149th most active market in SA when comparing the number of sales per suburb.
Giving property investors a an average capital gain of 0.76% for the last year, Mile End, 5031 is the 1021th highest performer in Australia in this respect.
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.
Sellers are offering property buyers an average discount of -6.56% to buyers in Mile End at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Situated 2.52km from the CBD, Mile End is one of West Torrens localities in the postcode 5031.