Suburb Profile Report for Mount Gambier SA (5290)

Mount Gambier House: Median price $256,000, Annual capital growth 1.21%, Number of sales 411, Weekly median advertised rent $270

Mount Gambier Unit: Median price $220,000, Annual capital growth 2.91%, Number of sales 57, Weekly median advertised rent $220

  • 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.

  • House Report
  • Unit Report

SA has seen average median house prices change by 2.10% which means that Mount Gambier, 5290 has done well for property investors by showing a capital gain of 3.02% over the last year

A 10.82% growth in median value for property investors in Mount Gambier,5290 puts this suburb at number 218th in terms of best performing suburbs in SA

Sellers are offering property buyers an average discount of -6.67% to buyers in Mount Gambier at the moment, which is less than average for the rest of SA.

At number 3296 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 121.381 for properties listed there.

Advertised rents are around the $270 mark per week – giving a return of 5.48% based on the median price in Suburb

Over the last year, property investments in Mount Gambier, 5290 have given investors a capital gain of 20.22%. This compares very favourably with the 1.05% for SA as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Mount Gambier comes in at number 7th in SA.

At number 29th of SA’s most discounted properties, Mount Gambier is in the middle of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Mount Gambier the average time real estate has been on the market is 134.893 days.

Mount Gambier, 5290’s gross rental yield is 5.20%

Metrics i HOUSE UNIT
$256,000 $220,000
0.39% 6.80%
3.02% 20.22%
1.21% 2.91%
$270 $220
411 57
5.48% 5.20%
121.381481481482 134.892857142857

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), Balanced (U)
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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
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