Giving property investors a a solid capital gain of 6.11% for the last year, Mannum, 5238 is the 788th highest performer in Australia in this respect.
Over the longer term, Mannum has seen property prices show investors a 13.38% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Mannum is $264750, with sellers offering an average of -7.33% off the asking price.
At number 3545 in a list of fastest selling suburbs, Mannum is in the bottom 10% of suburbs in Australia with an average of days on market 147.154 for properties listed there.
Mannum is 70th on a list of best yielding suburbs for rents in SA with a 5.40% return
Information supplied by:
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.