Mount Gambier is a large suburb in South Australia within the Mount Gambier local government area (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. The most common occupations are community & personal service, professionals, technicians & trades. 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 $380. This gives a gross rental yield of approximately 6.6%. 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, Mount Gambier offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($300K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +7.5% year-on-year.
Mount Gambier is a large suburb in South Australia within the Mount Gambier local government area (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. The most common occupations are community & personal service, professionals, technicians & trades. 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 $380. This gives a gross rental yield of approximately 6.6%. 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, Mount Gambier offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($300K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +7.5% year-on-year.