Suburb Profile Report for Mile End SA (5031)

Mile End House: Median price $608,000, Annual capital growth 5.51%, Number of sales 59, Weekly median advertised rent $430

Mile End Unit: Median price $415,400, Annual capital growth 5.42%, Number of sales 33, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Mile End have tracked just higher than the SA average of 3.24% over the last 12 months.

The five-year average increase in median property values for Mile End,5031 has given property investors a potential capital gain of 27.27% across each of those five years.

Vendor discounting in Mile End is giving property investors an average Vendor Discount of around -7.87%. This puts suburb at number 77th in SA when ranking the most discounted suburbs.

On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.68%, without taking into account capital value appreciation, which has been averaging out at 5.51%.

Mile End is an average performer in SA when comparing median price capital growth over the last year. Mile End gave property investors a average capital gain figure when compared to the rest of the state, with 1.32%.

Mile End,5031 was ranked 926 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Mile End is offering property investors an average of -6.42. This rate of discount on properties puts Suburb at number 62th in terms of most discounted suburbs in SA

In the last year 33 properties changed hands in Mile End, which puts it as the 63th most active market in SA when comparing the number of sales per suburb.

With the median price for a house in Mile End being $415400 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.63%

Metrics i HOUSE UNIT
$608,000 $415,400
-5.38% 0.22%
8.96% 1.32%
5.51% 5.42%
$430 $370
59 33
3.68% 4.63%
53.2 67.52

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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Recent sales & rentals