Investment property in Mount Gambier has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.80%
A 5.99% growth in median value for property investors in Mount Gambier,5290 puts this suburb at number 325th in terms of best performing suburbs in SA
At number 195th of SA’s most discounted properties, Mount Gambier is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Mount Gambier being $252000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.37%
With a capital gain of 1.85% for the last 12 months, Mount Gambier, 5290 has performed for property investments than its average annual 2.39% property growth over the last 5 years.
The five-year average increase in median property values for Mount Gambier,5290 has given property investors a potential capital gain of 3.13% across each of those five years.
Property investors looking for a bargain in Mount Gambier should be aiming for at least -6.15% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Mount Gambier have been waiting around 127.14 days to sell a property.
Property investors should expect to get $190 weekly from the median priced house in this suburb.