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Mount Gambier
AREA REPORTS

Mount Gambier

Mount Gambier - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5290

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

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 $300,000.

The upward trend in home prices in MOUNT GAMBIER, 5290 averaged 6.35% per annum over a 3-year period.

Average weekly rents on listings have reached the $320 mark, reflecting a 5.55% increase in returns based on the current median price in MOUNT GAMBIER.

An average of 56.5 real estate transactions take place per month in MOUNT GAMBIER which translates to 678 per annum.

678 properties were sold in MOUNT GAMBIER in 2016, making it the 63rd most active market in SA based on total real estate transactions.

MOUNT GAMBIER, 5290 places 267th in Australia based on median property value growth during the quarter.

Data report can be found below

Mount Gambier
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $300,000 $212,000
GROWTH REPORT
Median Quarterly 5.26% 0%
Median 12 month 12.36% 5.47%
Median 3 years 19.05% -4.29%
Median 5 years 23.2% 10.99%
10 years average annual 2.54% 1.74%
Weekly media advert. rent $320 $245
Time on Market 60.1 days 75.4 days
Gross Rental Yield Percent 5.55% 6.01%
demographics (median values)*
Total Population
25512
Weekly Household Income
1034
Household Size
2.30
Age
40
Monthly Loan Repayment
1152
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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