Murray Bridge is a well-established suburb in South Australia within the Murray Bridge local government area (postcode 5253). With a population of 15,043, the suburb has an established demographic with a median age of 42. Households earn a median income of $52K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, German.
Units have a median price of $335,000 (+9.8% YoY). The current median weekly rent is $385. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,083.
Murray Bridge is served by 8 schools, including 3 primary, 1 secondary, 3 combined, 1 special. The average ICSEA score is 919, which is below the national average of 1,000. Public transport access includes 1 rail station, 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Murray Bridge LGA is higher than average at 9,619 incidents per 100,000 population.
From an investment perspective, Murray Bridge offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($335K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved +9.8% year-on-year.
Murray Bridge is a well-established suburb in South Australia within the Murray Bridge local government area (postcode 5253). With a population of 15,043, the suburb has an established demographic with a median age of 42. Households earn a median income of $52K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, German.
Units have a median price of $335,000 (+9.8% YoY). The current median weekly rent is $385. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,083.
Murray Bridge is served by 8 schools, including 3 primary, 1 secondary, 3 combined, 1 special. The average ICSEA score is 919, which is below the national average of 1,000. Public transport access includes 1 rail station, 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Murray Bridge LGA is higher than average at 9,619 incidents per 100,000 population.
From an investment perspective, Murray Bridge offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($335K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved +9.8% year-on-year.