Property investors who have had real estate in Mannum, 5238 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.29%
Mannum,5238 has offered an average of 20.29% return per annum in house price rises to property investors over the last three years.
Mannum5238 is located in SA which offers an average discount of -6.20% to property investors. Mannum itself is showing figures that indicate -6.36% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $245 weekly from the median priced house in this 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