Suburb Profile Report for Mount Gambier SA (5290)

Mount Gambier House: Median price $250,000, Annual capital growth 2.90%, Number of sales 510, Weekly median advertised rent $260

Mount Gambier Unit: Median price $174,500, Annual capital growth 2.55%, Number of sales 124, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$250,000 $174,500
0.00% -0.57%
4.17% 9.06%
2.90% 2.55%
$260 $190
510 124
5.41% 5.66%
112.31 143.86

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