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 14.01%
While Mile End,5031 ranked number 24th in SA for increase in median house value (annualised) increase, it is ranked 28th over the last 5 years.
Property buyers and investors in Mile End 5031 should be seeing an average reduction in asking price of around -9.12% . This means that Mile End is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
Advertised rents are around the $430 mark per week – giving a return of 3.55% based on the median price in Suburb
Over the last year, property investments in Mile End, 5031 have given investors a capital gain of -2.07%. This compares badly with the 4.44% for SA as a whole.
While Mile End,5031 ranked number 147th in SA for increase in median house value (annualised) increase, it is ranked 115th over the last 5 years.
Sellers are offering property buyers an average discount of -7.58% to buyers in Mile End at the moment, which is less than average for the rest of SA.
With the median price for a house in Mile End being $401500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.66%