Suburb Profile Report for Mount Gambier SA (5290)

Mount Gambier House: Median price $250,000, Annual capital growth 2.90%, Number of sales 515, Weekly median advertised rent $260

Mount Gambier Unit: Median price $175,000, Annual capital growth 2.28%, Number of sales 120, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$250,000 $175,000
0.00% -0.43%
5.26% 9.38%
2.90% 2.28%
$260 $190
515 120
5.41% 5.65%
116.68 146.51

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Mount Gambier SA
Demographics
Total population 24905
Median household income ($/weekly) 892
Median age of persons 37
Median housing loan repayment ($/monthly) 1250
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 3400 13.7
    25-34 years 3216 12.9
    35-44 years 3154 12.7
    45-54 years 3377 13.6
    55-64 years 2914 11.7
    Others 8845 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 8381 46.9
    Not Married 7527 42.1
    Defacto Relationship 1979 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 21372 89.2
    Japan 184 0.8
    Papua New Guinea 205 0.9
    United Kingdom 856 3.6
    Other 420 1.8
    Others 914 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 126 0.6
    Christianity 14358 63.9
    Islam 45 0.2
    Other Religious Groups 78 0.3
    No Religion 7832 34.8
    Others 45 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 1005 10.9
    $400-$599 1288 13.9
    $600-$799 1144 12.4
    $800-$999 945 10.2
    $1,500-$1,999 1122 12.1
    Others 3733 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6898 36.2
    Employed, worked full-time 6848 36.0
    Employed, worked part-time 3760 19.8
    Unemployed, looking for work 850 4.5
    Employed, away from work 679 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1562 13.8
    Technicians & trades workers 1802 16.0
    Clerical & administrative workers 1352 12.0
    Sales 1409 12.5
    Labourers 1520 13.5
    Others 3640 32.3
    Occupation
    Census Count Percent(%)
    Pre-school 356 6.5
    Infants/Primary 2474 45.2
    Secondary 1491 27.2
    Technical or Further Educational Institution 634 11.6
    University or other Tertiary Institutions 400 7.3
    Others 119 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 20418 87.6
    Flat, unit or apartment 1684 7.2
    Semi-detached, row or terrace house, townhouse 1187 5.1
    Caravan, cabin, houseboat 25 0.1
    House or flat attached to a shop, office 7 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3460 35.0
    Rented 3427 34.7
    Fully owned 2783 28.2
    Other tenure type 211 2.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals