Suburb Profile Report for Mount Gambier SA (5290)

Mount Gambier House: Median price $260,000, Annual capital growth 1.19%, Number of sales 402, Weekly median advertised rent $270

Mount Gambier Unit: Median price $205,000, Annual capital growth 2.13%, Number of sales 63, Weekly median advertised rent $210

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

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

  • House Report
  • Unit Report

Investment property in Mount Gambier has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.96%

Mount Gambier,5290 was ranked 2980 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Mount Gambier should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.

Mount Gambier has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of -1.44% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Mount Gambier comes in at number 20th in SA.

Mount Gambier, 5290 is offering SA ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.

At number 1251 in a list of fastest selling suburbs, Mount Gambier is in the bottom 10% of suburbs in Australia with an average of days on market 132.361 for properties listed there.

Metrics i HOUSE UNIT
$260,000 $205,000
-0.19% 5.81%
1.96% -1.44%
1.19% 2.13%
$270 $210
402 63
5.40% 5.33%
104.369230769231 132.361111111111

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

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Mount Gambier SA
Demographics
Total population 24905
Median household income ($/weekly) 892
Median age of persons 37
Median housing loan repayment ($/monthly) 1250
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 3400 13.7
    25-34 years 3216 12.9
    35-44 years 3154 12.7
    45-54 years 3377 13.6
    55-64 years 2914 11.7
    Others 8845 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 8381 46.9
    Not Married 7527 42.1
    Defacto Relationship 1979 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 21372 89.2
    Japan 184 0.8
    Papua New Guinea 205 0.9
    United Kingdom 856 3.6
    Other 420 1.8
    Others 914 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 126 0.6
    Christianity 14358 63.9
    Islam 45 0.2
    Other Religious Groups 78 0.3
    No Religion 7832 34.8
    Others 45 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 1005 10.9
    $400-$599 1288 13.9
    $600-$799 1144 12.4
    $800-$999 945 10.2
    $1,500-$1,999 1122 12.1
    Others 3733 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6898 36.2
    Employed, worked full-time 6848 36.0
    Employed, worked part-time 3760 19.8
    Unemployed, looking for work 850 4.5
    Employed, away from work 679 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1562 13.8
    Technicians & trades workers 1802 16.0
    Clerical & administrative workers 1352 12.0
    Sales 1409 12.5
    Labourers 1520 13.5
    Others 3640 32.3
    Occupation
    Census Count Percent(%)
    Pre-school 356 6.5
    Infants/Primary 2474 45.2
    Secondary 1491 27.2
    Technical or Further Educational Institution 634 11.6
    University or other Tertiary Institutions 400 7.3
    Others 119 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 20418 87.6
    Flat, unit or apartment 1684 7.2
    Semi-detached, row or terrace house, townhouse 1187 5.1
    Caravan, cabin, houseboat 25 0.1
    House or flat attached to a shop, office 7 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3460 35.0
    Rented 3427 34.7
    Fully owned 2783 28.2
    Other tenure type 211 2.1
    Tenure Type
Census 2011, ABS
Chart Table