Suburb Profile Report for Murray Bridge SA (5253)

Murray Bridge House: Median price $230,500, Annual capital growth 1.02%, Number of sales 248, Weekly median advertised rent $252

Murray Bridge Unit: Median price $175,000, Annual capital growth 0.85%, Number of sales 42, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3212th in the list of Australian suburbs ordered by increase in median house value over the last year, Murray Bridge, 5253 is in the BOTTOM 30% with a property value increase of -1.07% recorded in median house prices.

A 5.25% growth in median value for property investors in Murray Bridge,5253 puts this suburb at number 243th in terms of best performing suburbs in SA

Sellers are offering property buyers an average discount of -5.91% to buyers in Murray Bridge at the moment, which is less than average for the rest of SA.

A $252 per week rent on the median house gives suburb investors a gross yield of circa 5.69%, without taking into account capital value appreciation, which has been averaging out at 1.02%.

Giving property investors a a poor capital gain of -15.66% for the last year, Murray Bridge, 5253 is the 1654th highest performer in Australia in this respect.

Over the longer term, Murray Bridge has seen property prices show investors a -2.78% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Murray Bridge, 5253. Typically our figures indicate that -5.27% is being offered, which puts this SA suburb at 635th most discounted overall in Australia.

Often selling an investment property can take time, and in Murray Bridge the average time real estate has been on the market is 133.27 days.

Using the current median advertised rental of $240 and the average annual increase in value of a median property of 0.85%, investors should hope to achieve an overall return of 7.13%

Metrics i HOUSE UNIT
$230,500 $175,000
0.22% 0.00%
-1.07% -15.66%
1.02% 0.85%
$252 $240
248 42
5.69% 7.13%
115.62 133.27

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Murray Bridge SA
Demographics
Total population 13891
Median household income ($/weekly) 765
Median age of persons 39
Median housing loan repayment ($/monthly) 1192
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1697 12.2
    25-34 years 1712 12.3
    35-44 years 1843 13.3
    45-54 years 1732 12.5
    55-64 years 1488 10.7
    Others 5421 39.0
    Age Group
    Census Count Percent(%)
    Not Married 4511 45.8
    Registered Married 4238 43.0
    Defacto Relationship 1099 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 11055 85.1
    Croatia 231 1.8
    Papua New Guinea 202 1.6
    United Kingdom 450 3.5
    Other 348 2.7
    Others 705 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 120 1.0
    Christianity 7608 64.1
    Islam 211 1.8
    Other Religious Groups 76 0.6
    No Religion 3791 31.9
    Others 66 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 629 12.8
    $400-$599 837 17.1
    $600-$799 661 13.5
    $800-$999 567 11.6
    $1,500-$1,999 446 9.1
    Others 1755 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4982 47.0
    Employed, worked full-time 3065 28.9
    Employed, worked part-time 1675 15.8
    Unemployed, looking for work 480 4.5
    Employed, away from work 406 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 682 13.3
    Community & personal service workers 587 11.4
    Clerical & administrative workers 531 10.3
    Sales 513 10.0
    Labourers 1372 26.7
    Others 1460 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 179 7.0
    Infants/Primary 1116 43.9
    Secondary 714 28.1
    Technical or Further Educational Institution 289 11.4
    University or other Tertiary Institutions 158 6.2
    Others 85 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10912 86.4
    Semi-detached, row or terrace house, townhouse 1219 9.7
    Flat, unit or apartment 451 3.6
    Caravan, cabin, houseboat 39 0.3
    Improvised home, tent, sleepers out 6 0.0
    Others 4 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2198 42.2
    Fully owned 1555 29.8
    Being purchased 1335 25.6
    Other tenure type 126 2.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals