Over the last year, property investments in Mount Gambier, 5290 have given investors a capital gain of 0.00%. This compares badly with the 1.39% for SA as a whole.
A 11.36% growth in median value for property investors in Mount Gambier,5290 puts this suburb at number 238th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Mount Gambier are currently offering property investors an average price cut of -6.40% below the asking price at the moment.
With the median price for a house in Mount Gambier being $245000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.73%
Property investors who have had real estate in Mount Gambier, 5290 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 9.73%
Comparing Mount Gambier,5290 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.04% offered to property buyers. Sellers in Mount Gambier itself are offering an average vendor discount of -6.84% to real estate investors.
In the last year 63 properties changed hands in Mount Gambier, which puts it as the 6th most active market in SA when comparing the number of sales per suburb.
Mount Gambier, 5290’s gross rental yield is 5.59%