Mile End is a smaller 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. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Mile End is $1.2 million, having dipped slightly 2% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.5%. 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 offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 12.9x is considered stretched. House prices have moved -2.0% year-on-year.
Mile End is a smaller 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. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Mile End is $1.2 million, having dipped slightly 2% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.5%. 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 offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 12.9x is considered stretched. House prices have moved -2.0% year-on-year.