Mile End South (postcode 5031) is a sparsely populated locality in South Australia within the West Torrens local government area. It is home to about 19 residents, with a mix of families and early-career residents and a median age of 32. Households earn a median income of $72K per year, with an average household size of 1.8 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 community & personal service, clerical & administrative, machinery operators & drivers. Employment in the area leans toward wholesale trade and transport & logistics. The top ancestries reported are English, Scottish, Australian.
Mile End South has a median house price of $490,000, holding roughly steady year-on-year. The current median weekly rent is $555. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $2,020.
Public transport access includes 7 bus stops. The crime rate in the West Torrens LGA is higher than average at 684,211 incidents per 100,000 population.
From an investment perspective, Mile End South shows a gross rental yield of approximately 5.9%, rated as high yield. Property prices sit below the state median ($490K/$950K), which can point to relative value. The price-to-income ratio of 6.9x is considered moderate. House prices have moved +0.0% 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.