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
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
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Housing stock soars in inexpensive hub
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