Investment property in Mile End has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.63%
When looking at the potential capital gains offered to property investors over the last 3 years, Mile End comes in at number 35th in SA.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in Mile End itself are offering an average vendor discount of -9.92% to real estate investors.
The SA suburb of Mile End, 5031 is in the West Torrens local government area.
If you compare the increase in value of investment property in Mile End, 5031 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -6.10%.
Over the longer term, Mile End has seen property prices show investors a -5.41% return over the last 3 years. This is worse than over the last 12 months
At number 62th of SA’s most discounted properties, Mile End is in the bottom 40% of the state/territory when listing in order of most discounted to least.