Property value increases in Mount Gambier have tracked close to the SA average of 4.12% over the last 12 months.
While Mount Gambier,5290 ranked number 301th in SA for increase in median house value (annualised) increase, it is ranked 309th over the last 5 years.
Vendor discounting in Mount Gambier is giving property investors an average Vendor Discount of around -5.43%. This puts suburb at number 223th in SA when ranking the most discounted suburbs.
In the last year 497 properties changed hands in Mount Gambier, which puts it as the 1st most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.86%, investors should hope to achieve an overall return of 5.51%
Giving property investors a a poor capital gain of -4.86% for the last year, Mount Gambier, 5290 is the 1424th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Mount Gambier,5290 has racked up an average of -4.86% over the period. This ranks it number 1333th in the whole country for real estate investors looking at median house price increases.
At number 77th 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.
Property investors should expect to get $200 weekly from the median priced house in this suburb.