Barmera is a smaller suburb in South Australia within the Berri Barmera local government area (postcode 5345). With a population of 2,884, the suburb has a mature demographic with a median age of 49. Households earn a median income of $54K per year, with an average household size of 2.1 people. The most common occupations are labourers, managers, community & personal service. The top ancestries reported are English, Australian, German.
Units have a median price of $190,000 (+5.6% YoY). The current median weekly rent is $340. This gives a gross rental yield of approximately 9.3%. The median monthly mortgage repayment is $1,028.
Barmera is served by 2 schools, including 2 primary. The average ICSEA score is 941, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Berri Barmera LGA is moderate at 4,646 incidents per 100,000 population.
From an investment perspective, Barmera offers a gross rental yield of 9.3%, rated as high yield. Property prices sit below the state median ($190K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +5.6% year-on-year.
Barmera is a smaller suburb in South Australia within the Berri Barmera local government area (postcode 5345). With a population of 2,884, the suburb has a mature demographic with a median age of 49. Households earn a median income of $54K per year, with an average household size of 2.1 people. The most common occupations are labourers, managers, community & personal service. The top ancestries reported are English, Australian, German.
Units have a median price of $190,000 (+5.6% YoY). The current median weekly rent is $340. This gives a gross rental yield of approximately 9.3%. The median monthly mortgage repayment is $1,028.
Barmera is served by 2 schools, including 2 primary. The average ICSEA score is 941, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Berri Barmera LGA is moderate at 4,646 incidents per 100,000 population.
From an investment perspective, Barmera offers a gross rental yield of 9.3%, rated as high yield. Property prices sit below the state median ($190K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +5.6% year-on-year.