Located in South Australia within the Mid Murray local government area, Mannum is a smaller residential area (postcode 5238). The area has roughly 2,919 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, German.
Units have a median price of $450,000 (+50% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 5.5%. 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.
On the investment side, Gross rental yield sits at around 5.5% (high yield). Property prices sit below the state median ($450K/$950K), which can point to relative value. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +50.0% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.