Suburb Profile Report for Mannum SA (5238)

Mannum House: Median price $250,000, Annual capital growth 1.42%, Number of sales 56, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Mannum has done 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 -4.90%

Taking the average capital gain, or increase in median house value, Mannum,5238 has racked up an average of -4.90% over the period. This ranks it number 3500th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Mannum 5238 should be seeing an average reduction in asking price of around -9.25% . This means that Mannum is holding prices well when compared to other suburbs in SA.

On average over the past year, suburb has had 4.75 sales per month, which equates to 57 per year.

Mannum is 72th on a list of best yielding suburbs for rents in SA with a 5.36% return

Information supplied by:


November 2017

M
O

W
E
A historic regional town located on the west bank of the Murray River, Mannum is around 85km east of Adelaide. It’s a warm, friendly community that invites new residents to town via regular “welcome BBQs”, and is home to a number of manufacturing industriesFull summary

Housing stock soars in inexpensive hub

Postcode: 5238

Median house price: $239,000

Stock on market: 28.8%

12-month growth: 11.4%

A historic regional town located on the west bank of the Murray River, Mannum is around 85km east of Adelaide. It’s a warm, friendly community that invites new residents to town via regular “welcome BBQs”, and is home to a number of manufacturing industries.

In this family friendly neighbourhood, established homes can be purchased for around the $200,000 mark with rents of around $250 per week, giving investors a good return.

It’s also possible to find a new four-bedroom home on a small block of land and get change from $300,000. There are larger residences selling for far higher sums, but this affordability at the lower end of the market is driving strong interest, with buyers absorbing stock faster than it hits the market. In fact, one local agent reports that quality homes are selling within two weeks.

Close
Metrics i HOUSE UNIT
$250,000 N/A
-6.02% N/A
-1.96% N/A
1.42% N/A
$250 N/A
56 N/A
5.20% N/A
132.65 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
Find a mortgage broker in Mannum SA
Demographics
Total population 2567
Median household income ($/weekly) 729
Median age of persons 49
Median housing loan repayment ($/monthly) 1083
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 282 11.0
    35-44 years 308 12.0
    45-54 years 327 12.7
    55-64 years 442 17.2
    65-74 years 399 15.5
    Others 809 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 934 49.2
    Not Married 774 40.8
    Defacto Relationship 191 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2135 88.7
    Greece 25 1.0
    New Zealand 22 0.9
    United Kingdom 137 5.7
    Other 20 0.8
    Others 69 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.5
    Christianity 1599 70.0
    Islam 6 0.3
    Other Religious Groups 19 0.8
    No Religion 643 28.2
    Others 4 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 138 13.8
    $400-$599 199 20.0
    $600-$799 124 12.4
    $800-$999 117 11.7
    $1,000-$1,249 91 9.1
    Others 328 32.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 993 48.3
    Employed, worked full-time 561 27.3
    Employed, worked part-time 377 18.3
    Unemployed, looking for work 64 3.1
    Employed, away from work 63 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 145 14.5
    Technicians & trades workers 182 18.2
    Community & personal service workers 116 11.6
    Clerical & administrative workers 105 10.5
    Labourers 185 18.5
    Others 267 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 26 6.4
    Infants/Primary 188 46.4
    Secondary 125 30.9
    Technical or Further Educational Institution 41 10.1
    University or other Tertiary Institutions 16 4.0
    Others 9 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2173 93.3
    Semi-detached, row or terrace house, townhouse 124 5.3
    Flat, unit or apartment 15 0.6
    Caravan, cabin, houseboat 13 0.6
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 453 42.9
    Being purchased 315 29.8
    Rented 281 26.6
    Other tenure type 7 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals