SA has seen average median house prices change by 1.50% which means that Mannum, 5238 has done well for property investors by showing a capital gain of 7.22% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Mannum comes in at number 101th in SA.
LACK OF BUYER INTEREST may well be the reason that Mannum is offering property investors an average of -6.61. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in SA
Residents and property investors in Mannum have been waiting around 157.35 days to sell a property.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 1.87%, investors should hope to achieve an overall return of 5.00%
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