Powered by MOMENTUM MEDIA
AREA REPORTS

Mile End

Suburb Profile

Mile End - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5031

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 3.67% capital gain.

Property investors in MILE END enjoyed capital gains of 5.69% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $622,000.

Profits due to an upward trend in home prices there averaged 1.22% per annum over a 3-year period.

Home owners selling their properties and realtors in MILE END usually have to wait an average of 68.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.76% increase in returns based on the current median price in MILE END.

MILE END, 5031 places 60th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $622,000 $412,000
GROWTH REPORT
Median Quarterly 5.2% 8.42%
Median 12 month 5.69% 11.13%
Median 3 years 3.67% 12.11%
Median 5 years 16.48% 62.52%
10 years average annual 3.32% 4.69%
Weekly media advert. rent $450 $350
Time on Market 68.9 days 0.0 days
Gross Rental Yield Percent 3.76% 4.42%
demographics (median values)
Total Population
3918
Weekly Household Income
925.1
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

apartment

Unit rentals break 15-year record

Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...

homebuilder

Has the HomeBuilder stimulus package worked?

Homebuilders are snapping up properties as the Morrison government’s controversial HomeBuilder scheme helps lift interest in the property ...

Property industry welcomes bank support

Property industry welcomes bank support

The Real Estate Institute of Australia has welcomed an announcement by the Australian Banking Association to implement a new phase of suppor...

Brisbane

Property market update: Brisbane, June 2020

The Queensland property market has been dubbed “better than expected” as it continues to remain resilient amid the effects of the COVID-...

Melbourne suburbs

Hot Property: Biggest headlines from the week that was

Australia has reached a new crossroad when it comes to the COVID-19 crisis, both for health and economic reasons: Here are the biggest prope...

property ownership

More power to Millennials as property ownership proves possible

Nearly half of home-buying Millennials believe the COVID-19 situation has actually made home ownership a more achievable goal. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.