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%.