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Mile End, SA 5031

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mile End, SA 5031 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mile End, SA 5031”

  1. The total adult population (15 years or older) of Mile End 5031 SA is 3,973, with a median age of 36. Of those, 32.27% are married, 11.45% are divorced or separated, 52.10% are single and 4.25% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,080. The median monthly mortgage repayment for households in this suburb is $1,800 which is 19.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, the suburb Mile End, postal code 5031, is a dynamic community home to approximately 2,495 households. By the third quarter of 2023, the typical price for houses in this area was positioned at an average of $940,327. The median weekly rent stood at $538, resulting in an indicative yield slightly below the desired 3% threshold, at 2.98%.

    This neighbourhood reveals a relatively high socio-economic status, scoring 1,018 out of a possible 1,217 on the IRSAD scale. This indicates strong economic resources, high income among residents, and a noteworthy proportion of individuals in skilled professions.

    Despite concurrently displaying a high renter to owner ratio of 45%, which traditionally can reduce the appeal of the suburb due to heightened competition amongst landlords; in Mile End, this is balanced by a low units to houses ratio of just 15%. This suggests that there’s less competition in terms of rentals due to a lower proportion of units, potentially offering more sustained rental yields in the long run and maintaining Mile End’s long term appeal to investors.

    It’s important to note that the affordability index for houses in Mile End sits at 41 years. Whilst this exceeds the standard 30-year mortgage period, it serves as an indicator that property owners in this area typically have a high income, providing a stable financial foundation within the community, which can have positive implications on property values in the future.

    Regarding supply metrics, Mile End displayed a lower stock on market Percentage of 0.28%, pointing towards limited supply in the market, which favours sellers. The inventory level was also low at 1.26 months, indicating a strong absorption of new listings and hinting at a favourable market for investors. The building approvals Ratio, a measure of new potential supply, was moderate at 0.43%.

    In terms of demand metrics, houses in Mile End were spending an average of 21 days on the market and the area boasted a low vacancy rate of 0.72%, suggesting high demand. The buy search index for houses stood at 6, an encouraging indicator of robust demand from potential buyers or investors focusing on this area.

    To sum up, while some metrics in Mile End such as the high renter-owner ratio and the increased years to own may appear unwelcoming at first, the overall balance and strengths in several other metrics provide a favourable outlook for the suburb. As in all property markets, keeping a keen eye on these trends is key to making sound long-term investment decisions. Don’t forget that tools like the RCS (Relative Composite Score) from HtAG Analytics can automate much of this analysis using multiple metrics for a comprehensive overview.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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