Suburb Profile Report for Mile End SA (5031)

Mile End House: Median price $592,500, Annual capital growth 2.95%, Number of sales 61, Weekly median advertised rent $430

Mile End Unit: Median price $415,000, Annual capital growth 4.17%, Number of sales 16, Weekly median advertised rent $353

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Mile End, 5031 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.42%

While Mile End,5031 ranked number 86th in SA for increase in median house value (annualised) increase, it is ranked 82th over the last 5 years.

Property buyers and investors in Mile End 5031 should be seeing an average reduction in asking price of around -6.95% . This means that Mile End is holding prices well when compared to other suburbs in SA.

Residents and property investors in Mile End have been waiting around 64.7407 days to sell a property.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.77%, without taking into account capital value appreciation, which has been averaging out at 2.95%.

Giving property investors a a solid capital gain of 43.10% for the last year, Mile End, 5031 is the 7th 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.

A $352.5 per week rent on the median house gives suburb investors a gross yield of circa 4.42%, without taking into account capital value appreciation, which has been averaging out at 4.17%.

Metrics i HOUSE UNIT
$592,500 $415,000
3.95% 1.22%
-0.42% 43.10%
2.95% 4.17%
$430 $353
61 16
3.77% 4.42%
64.7407407407408 54.4

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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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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