Suburb Profile Report for Mount Gambier SA (5290)

Mount Gambier House: Median price $255,000, Annual capital growth 2.77%, Number of sales 477, Weekly median advertised rent $260

Mount Gambier Unit: Median price $173,500, Annual capital growth 2.57%, Number of sales 123, Weekly median advertised rent $190

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Mount Gambier, 5290 have given investors a capital gain of 4.08%. This compares averagely with the 3.56% for SA as a whole.

If we look at median property appreciation over just the last three months, Mount Gambier has given property investors a paper return of 2.00%. This puts Suburb as 174 on a list of fastest fasting appreciating suburbs in SA

Vendor discounting in Mount Gambier is giving property investors an average Vendor Discount of around -5.75%. This puts suburb at number 209th in SA when ranking the most discounted suburbs.

With the median price for a house in Mount Gambier being $255000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.30%

Mount Gambier, 5290 ranked 52th 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

Taking the average capital gain, or increase in median house value, Mount Gambier,5290 has racked up an average of 8.44% over the period. This ranks it number 318th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Mount Gambier is $173500, with sellers offering an average of -6.98% off the asking price.

At number 1396 in a list of fastest selling suburbs, Mount Gambier is in the bottom 10% of suburbs in Australia with an average of days on market 135.97 for properties listed there.

Metrics i HOUSE UNIT
$255,000 $173,500
2.00% -0.86%
4.08% 8.44%
2.77% 2.57%
$260 $190
477 123
5.30% 5.69%
111.85 135.97

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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
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Recent sales & rentals