Suburb Profile Report for Mount Gambier SA (5290)

Mount Gambier House: Median price $285,000, Annual capital growth 4.17%, Number of sales 647, Weekly median advertised rent $800

Mount Gambier Unit: Median price $211,200, Annual capital growth 2.88%, Number of sales 146, Weekly median advertised rent $0

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. 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 17.52% which means that Mount Gambier, 5290 has done well for property investors by showing a capital gain of 28.63% over the last year

The five-year average increase in median property values for Mount Gambier,5290 has given property investors a potential capital gain of 27.31% across each of those five years.

Property investors looking for a bargain in Mount Gambier should be aiming for at least -3.72% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Mount Gambier have been waiting around 22.4714 days to sell a property.

With a capital gain of 5.95% for the last 12 months, Mount Gambier, 5290 has performed for property investments than its average annual 2.88% property growth over the last 5 years.

Across a shorter period, Mount Gambier, 5290 has seen a median price increase of 7.47% over the last quarter.

Sellers are offering property buyers an average discount of 0.00% to buyers in Mount Gambier at the moment, which is less than average for the rest of SA.

At number 1 in a list of fastest selling suburbs, Mount Gambier is in the TOP 10% of suburbs in Australia with an average of days on market 0 for properties listed there.

With the median price for a house in Mount Gambier being $211200 and the advertised rent reaching $0 the gross rental yield for property investors calculates out to be 0.00%

Metrics i HOUSE UNIT
$285,000 $211,200
7.47% 7.47%
28.63% 5.95%
4.17% 2.88%
$800 $0
647 146
3.35% 0.00%
22.4714285714286 0

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (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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