Located in South Australia within the Mount Gambier local government area, Mount Gambier is a well-populated suburb (postcode 5290). With a population of 25,591, the suburb has an established demographic with a median age of 41. Households earn a median income of $62K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% 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 community & personal service, professionals, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $300,000 (+7.5% YoY). The current median weekly rent is $390. This gives a gross rental yield of approximately 6.8%. The median monthly mortgage repayment is $1,083.
Mount Gambier is served by 10 schools, including 5 primary, 2 secondary, 2 combined, 1 special. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Mount Gambier LGA is moderate at 7,182 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 6.8% (high yield). Property prices sit below the state median ($300K/$950K), which can point to relative value. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +7.5% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.