Suburb Profile Report for Mount Barker SA (5251)

Mount Barker House: Median price $380,000, Annual capital growth 1.27%, Number of sales 384, Weekly median advertised rent $380

Mount Barker Unit: Median price $304,500, Annual capital growth 1.42%, Number of sales 30, Weekly median advertised rent $298

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 2.70% for the last 12 months, Mount Barker, 5251 has performed for property investments than its average annual 1.27% property growth over the last 5 years.

Mount Barker,5251 was ranked 1921 in Australia by increase in median property value over the quarter.

The most recent median price for Mount Barker is $380000, with sellers offering an average of -6.23% off the asking price.

At number 3082 in a list of fastest selling suburbs, Mount Barker is in the bottom 20% of suburbs in Australia with an average of days on market 110.807 for properties listed there.

The SA suburb of Mount Barker, 5251 is in the Mount Barker (DC) local government area.

Property value increases in Mount Barker have tracked just higher than the SA average of 1.05% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Mount Barker comes in at number 55th in SA.

At number 40th of SA’s most discounted properties, Mount Barker is in the TOP 30% of the state/territory when listing in order of most discounted to least.

In the last year 30 properties changed hands in Mount Barker, which puts it as the 22th most active market in SA when comparing the number of sales per suburb.

A $297.5 per week rent on the median house gives suburb investors a gross yield of circa 5.08%, without taking into account capital value appreciation, which has been averaging out at 1.42%.

Information supplied by:


September 2018

M
O

W
E

Unit stock drops, along with prices

Postcode: 5251

Median unit price: $292,500

Stock on market: 6.1%

12-month growth: -2.5%

Sitting comfortably in the Adelaide Hills, the suburb of Mount Barker saw unit supply on the market fall significantly from 13 to just 3 over the June 2017-2018 period.

Capital growth has been slowing in Mount Barker, and in the past 12 months, prices recorded their first drop in five years. Following a 2.2% decrease in the three months to June 2018, the median unit value comes in at just under $300,000. Rental yields remain high at an average of 5.2% off a weekly rent rate of $295.

Originally composed of farmland, Mount Barker has since experienced much urban development. As part of the largest town in the Adelaide Hills region, the suburb is home to several shopping centres, including Mount Barker Central, Mount Barker Village and Mount Barker Plaza. Mount Barker also contains a park with a playground and a skate park.

Metrics i HOUSE UNIT
$380,000 $304,500
0.46% -5.29%
2.70% 5.00%
1.27% 1.42%
$380 $298
384 30
5.20% 5.08%
110.807432432432 157.4

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 11808
Median household income ($/weekly) 1102
Median age of persons 36
Median housing loan repayment ($/monthly) 1625
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1656 14.0
    25-34 years 1486 12.6
    35-44 years 1714 14.5
    45-54 years 1557 13.2
    55-64 years 1376 11.7
    Others 4020 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 4237 49.9
    Not Married 3384 39.8
    Defacto Relationship 878 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 9666 84.8
    Greece 90 0.8
    Papua New Guinea 111 1.0
    United Kingdom 910 8.0
    Other 170 1.5
    Others 449 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 90 0.8
    Christianity 6912 64.1
    Islam 41 0.4
    Other Religious Groups 90 0.8
    No Religion 3636 33.7
    Others 22 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 511 12.5
    $600-$799 423 10.4
    $1,000-$1,249 408 10.0
    $1,500-$1,999 564 13.8
    $2,000-$2,499 408 10.0
    Others 1768 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3390 37.8
    Not in the labour force 2924 32.6
    Employed, worked part-time 1973 22.0
    Employed, away from work 356 4.0
    Unemployed, looking for work 321 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 663 11.6
    Professionals 1041 18.2
    Technicians & trades workers 867 15.2
    Community & personal service workers 631 11.0
    Clerical & administrative workers 898 15.7
    Others 1616 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 156 5.4
    Infants/Primary 1209 41.8
    Secondary 772 26.7
    Technical or Further Educational Institution 295 10.2
    University or other Tertiary Institutions 385 13.3
    Others 72 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10447 93.5
    Flat, unit or apartment 379 3.4
    Semi-detached, row or terrace house, townhouse 315 2.8
    Caravan, cabin, houseboat 27 0.2
    House or flat attached to a shop, office 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1781 40.6
    Rented 1486 33.8
    Fully owned 1043 23.7
    Other tenure type 82 1.9
    Tenure Type
Census 2011, ABS
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