Mile End is a compact suburb in South Australia within the West Torrens local government area (postcode 5031). With a population of 4,536, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $90K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Greek.
Mile End has a median house price of $1.1 million, which has fallen sharply by 9.1% year-on-year. The current median weekly rent is $578. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,800.
Mile End is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the West Torrens LGA is higher than average at 9,590 incidents per 100,000 population.
From an investment perspective, Mile End shows a gross rental yield of approximately 2.8%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -9.1% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.