AREA REPORTS

Mount Gambier

Suburb Profile

Mount Gambier - FREE 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 $256,500.

The upward trend in home prices in MOUNT GAMBIER, 5290 averaged 2.4% per annum over a 3-year period.

Average weekly rents on listings have reached the $270 mark, reflecting a 5.47% increase in returns based on the current median price in MOUNT GAMBIER.

An average of 46.75 real estate transactions take place per month in MOUNT GAMBIER which translates to 561 per annum.

561 properties were sold in MOUNT GAMBIER in 2016, making it the 98th most active market in SA based on total real estate transactions.

MOUNT GAMBIER, 5290 places 202nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $256,500 $175,500
GROWTH REPORT
Median Quarterly 0.59% -0.28%
Median 12 month 1.79% 2.48%
Median 3 years 7.21% 4.46%
Median 5 years 12.5% 39.29%
10 years average annual 1.55% 2.15%
Weekly media advert. rent $270 $200
Time on Market 114.0 days 127.5 days
Gross Rental Yield Percent 5.47% 5.93%
demographics (median values)
Total Population
23493
Weekly Household Income
813
Household Size
2.40
demographics
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