Investment property in Mannum 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 -0.38%
Mannum,5238 was ranked 3847 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.27% offered to property buyers. Sellers in Mannum itself are offering an average vendor discount of -5.62% to real estate investors.
In the last year 69 properties changed hands in Mannum, which puts it as the 107th most active market in SA when comparing the number of sales per suburb.
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