At number 2253th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Gambier, 5290 is in the BOTTOM 50% with a property value increase of 4.17% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Gambier comes in at number 319th in SA.
The most recent median price for Mount Gambier is $250000, with sellers offering an average of -5.92% off the asking price.
Often selling an investment property can take time, and in Mount Gambier the average time real estate has been on the market is 112.31 days.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 2.90%, investors should hope to achieve an overall return of 5.41%
Giving property investors a a stable capital gain of 9.06% for the last year, Mount Gambier, 5290 is the 459th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Mount Gambier has given property investors a paper return of -0.57%. This puts Suburb as 120 on a list of fastest fasting appreciating suburbs in SA
LACK OF BUYER INTEREST may well be the reason that Mount Gambier is offering property investors an average of -6.42. This rate of discount on properties puts Suburb at number 48th in terms of most discounted suburbs in SA
In the last year 124 properties changed hands in Mount Gambier, which puts it as the 5th most active market in SA when comparing the number of sales per suburb.
The SA suburb of Mount Gambier, 5290 is in the Mount Gambier local government area.