If you compare the increase in value of investment property in Mount Gambier, 5290 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 0.00%.
Comparing Mount Gambier,5290 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Mount Gambier should be aiming for at least -5.57% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Mount Gambier being $255000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.51%
With a capital gain of 1.89% for the last 12 months, Mount Gambier, 5290 has performed for property investments than its average annual 2.03% property growth over the last 5 years.
A 32.58% growth in median value for property investors in Mount Gambier,5290 puts this suburb at number 91th in terms of best performing suburbs in SA
Mount Gambier5290 is located in SA which offers an average discount of -6.04% to property investors. Mount Gambier itself is showing figures that indicate -6.54% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Mount Gambier have been waiting around 131.89 days to sell a property.