A steady increase in median property prices over a five-year period in the suburb translates to a 16.65% capital gain.
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 $620,000.
Profits due to an upward trend in home prices there averaged 5.55% per annum over a 3-year period.
Home owners selling their properties and realtors in MILE END usually have to wait an average of 33.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.77% increase in returns based on the current median price in MILE END.
MILE END, 5031 places 313th in Australia based on median property value growth during the quarter.
Property investors in MILE END enjoyed capital gains of 6.22% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MILE END are low, as opposed to average gains per annum over the past five years.
MILE END posted a 45.16% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $375 mark, reflecting a 4.42% increase in returns based on the current median price in MILE END.
MILE END, 5031 ranks 63rd in SA in terms of median property value increase and capital gains, based on year-to-date figures.
MILE END ranks 115th on the list of best yielding suburbs for rental properties in SA, posting a 4.42% return.
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