Suburb Profile Report for Murray Bridge SA (5253)

Murray Bridge House: Median price $232,000, Annual capital growth 2.18%, Number of sales 270, Weekly median advertised rent $250

Murray Bridge Unit: Median price $207,500, Annual capital growth 2.01%, Number of sales 53, Weekly median advertised rent $230

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 0.87% for the last year, Murray Bridge, 5253 is the 2788th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Murray Bridge has given property investors a paper return of 0.00%. This puts Suburb as 250 on a list of fastest fasting appreciating suburbs in SA

Property buyers and investors in Murray Bridge 5253 should be seeing an average reduction in asking price of around -7.91% . This means that Murray Bridge is holding prices well when compared to other suburbs in SA.

Murray Bridge, 5253’s gross rental yield is 5.60%

With a capital gain of 2.72% for the last 12 months, Murray Bridge, 5253 has performed for property investments than its average annual 2.01% property growth over the last 5 years.

Across a shorter period, Murray Bridge, 5253 has seen a median price increase of 3.23% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Murray Bridge is offering property investors an average of -6.30. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in SA

A $230 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 2.01%.

Metrics i HOUSE UNIT
$232,000 $207,500
0.00% 3.23%
0.87% 2.72%
2.18% 2.01%
$250 $230
270 53
5.60% 5.76%
123.51 128.51

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 13891
Median household income ($/weekly) 765
Median age of persons 39
Median housing loan repayment ($/monthly) 1192
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1697 12.2
    25-34 years 1712 12.3
    35-44 years 1843 13.3
    45-54 years 1732 12.5
    55-64 years 1488 10.7
    Others 5421 39.0
    Age Group
    Census Count Percent(%)
    Not Married 4511 45.8
    Registered Married 4238 43.0
    Defacto Relationship 1099 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 11055 85.1
    Croatia 231 1.8
    Papua New Guinea 202 1.6
    United Kingdom 450 3.5
    Other 348 2.7
    Others 705 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 120 1.0
    Christianity 7608 64.1
    Islam 211 1.8
    Other Religious Groups 76 0.6
    No Religion 3791 31.9
    Others 66 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 629 12.8
    $400-$599 837 17.1
    $600-$799 661 13.5
    $800-$999 567 11.6
    $1,500-$1,999 446 9.1
    Others 1755 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4982 47.0
    Employed, worked full-time 3065 28.9
    Employed, worked part-time 1675 15.8
    Unemployed, looking for work 480 4.5
    Employed, away from work 406 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 682 13.3
    Community & personal service workers 587 11.4
    Clerical & administrative workers 531 10.3
    Sales 513 10.0
    Labourers 1372 26.7
    Others 1460 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 179 7.0
    Infants/Primary 1116 43.9
    Secondary 714 28.1
    Technical or Further Educational Institution 289 11.4
    University or other Tertiary Institutions 158 6.2
    Others 85 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10912 86.4
    Semi-detached, row or terrace house, townhouse 1219 9.7
    Flat, unit or apartment 451 3.6
    Caravan, cabin, houseboat 39 0.3
    Improvised home, tent, sleepers out 6 0.0
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2198 42.2
    Fully owned 1555 29.8
    Being purchased 1335 25.6
    Other tenure type 126 2.4
    Tenure Type
Census 2011, ABS
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