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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 $264,000.
The upward trend in home prices in MOUNT GAMBIER, 5290 averaged 2.59% per annum over a 3-year period.
Average weekly rents on listings have reached the $270 mark, reflecting a 5.32% increase in returns based on the current median price in MOUNT GAMBIER.
An average of 35.25 real estate transactions take place per month in MOUNT GAMBIER which translates to 423 per annum.
423 properties were sold in MOUNT GAMBIER in 2016, making it the 154th most active market in SA based on total real estate transactions.
MOUNT GAMBIER, 5290 places 110th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $264,000 | $192,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.72% | 0.79% |
| Median 12 month | 5.6% | -8.33% |
| Median 3 years | 7.76% | 1.05% |
| Median 5 years | 12.34% | 1.32% |
| 10 years average annual | 1.51% | 1.7% |
| Weekly media advert. rent | $270 | $215 |
| Time on Market | 121.7 days | 136.4 days |
| Gross Rental Yield Percent | 5.32% | 5.81% |
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