Suburb Profile Report for Murray Bridge SA (5253)

Murray Bridge House: Median price $239,000, Annual capital growth 2.49%, Number of sales 265, Weekly median advertised rent $250

Murray Bridge Unit: Median price $210,000, Annual capital growth 1.93%, Number of sales 49, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Murray Bridge, 5253 have given investors a capital gain of 4.41%. This compares averagely with the 3.22% for SA as a whole.

Over the longer term, Murray Bridge has seen property prices show investors a 3.91% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Murray Bridge should be aiming for at least -7.36% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3270 in a list of fastest selling suburbs, Murray Bridge is in the bottom 20% of suburbs in Australia with an average of days on market 123.86 for properties listed there.

Murray Bridge is 61th on a list of best yielding suburbs for rents in SA with a 5.44% return

With a capital gain of 11.11% for the last 12 months, Murray Bridge, 5253 has performed for property investments than its average annual 1.93% property growth over the last 5 years.

A 0.00% growth in median value for property investors in Murray Bridge,5253 puts this suburb at number 79th in terms of best performing suburbs in SA

Vendor discounting in Murray Bridge is giving property investors an average Vendor Discount of around -6.12%. This puts suburb at number 82th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Murray Bridge the average time real estate has been on the market is 119.61 days.

Using the current median advertised rental of $230 and the average annual increase in value of a median property of 1.93%, investors should hope to achieve an overall return of 5.70%

Metrics i HOUSE UNIT
$239,000 $210,000
3.02% 1.20%
4.41% 11.11%
2.49% 1.93%
$250 $230
265 49
5.44% 5.70%
123.86 119.61

Source: CoreLogic

DSR Score for property investment : Above average (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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