Mannum is a smaller suburb in South Australia within the Mid Murray local government area (postcode 5238). With a population of 2,919, the suburb has an older demographic with a median age of 56. Households earn a median income of $43K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, German.
Units have a median price of $450,000 (+50% YoY). The current median weekly rent is $345. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,100.
Mannum is served by 1 school, including 1 combined. The average ICSEA score is 936, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Mid Murray LGA is moderate at 4,385 incidents per 100,000 population.
From an investment perspective, Mannum offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($450K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +50.0% year-on-year.
Mannum is a smaller suburb in South Australia within the Mid Murray local government area (postcode 5238). With a population of 2,919, the suburb has an older demographic with a median age of 56. Households earn a median income of $43K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, German.
Units have a median price of $450,000 (+50% YoY). The current median weekly rent is $345. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,100.
Mannum is served by 1 school, including 1 combined. The average ICSEA score is 936, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Mid Murray LGA is moderate at 4,385 incidents per 100,000 population.
From an investment perspective, Mannum offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($450K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +50.0% year-on-year.