Mount Gambier, 5290 ranked 174th in SA when comparing growth in median property values or capital gain over the last 12 months. Mount Gambier is one of 853 in our list for SA
While Mount Gambier,5290 ranked number 250th in SA for increase in median house value (annualised) increase, it is ranked 293th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in Mount Gambier itself are offering an average vendor discount of -6.23% to real estate investors.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.41%, without taking into account capital value appreciation, which has been averaging out at 2.90%.
Mount Gambier is in the TOP 30% in SA when comparing median price capital growth over the last year. Mount Gambier gave property investors a good capital gain figure when compared to the rest of the state, with 9.38%.
The five-year average increase in median property values for Mount Gambier,5290 has given property investors a potential capital gain of 11.82% across each of those five years.
Vendor discounting in Mount Gambier is giving property investors an average Vendor Discount of around -6.55%. This puts suburb at number 64th in SA when ranking the most discounted suburbs.
Mount Gambier is 41th on a list of best yielding suburbs for rents in SA with a 5.65% return