Mount Gambier, SA 5290: Suburb Profile & Property Report

Market Report

House report
Unit Report

Mount Gambier has 435 houses available for sale. The median property price for a house is currently $453,000 with annual capital growth of 17.36% . There were 494 house sales in the past 12 months. On average, houses spend 40 days on market.

If you're thinking about buying an investment property in Mount Gambier, consider that rental yields for houses are currently 5.12% with an average median rent of $430 weekly. Houses have seen 4.14% growth in the past quarter, and 17.36% growth in the past 12 months.

The size of Mount Gambier is approximately 26.8 square kilometres. It has 114 parks covering nearly 24% of total area. The population of Mount Gambier in 2011 was 24,905 people. By 2016 the population was 25,511 showing a population growth of 2.4% in the area during that time. The predominant age group in Mount Gambier is 0-9 years.

Households in Mount Gambier are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Gambier work in a trades occupation. In 2011, 61.7% of the homes in Mount Gambier were owner-occupied compared with 61.3% in 2016.

Mount Gambier has 87 units available for sale. The median property price for a unit is currently $306,000 with annual capital growth of 9.29% . There were 99 unit sales in the past 12 months. On average, units spend 44 days on market.

If you're thinking about buying an investment property in Mount Gambier, consider that rental yields for units are currently 5.24% with an average median rent of $305 weekly. Units have seen 2.43% growth in the past quarter, and 9.29% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$453,000	$306,000
Quarterly growth	+4.14%	+2.43%
12-month growth	+17.36%	+9.29%
Average annual growth	+12.18%	+7.82%
Weekly median rent	$430	$305
Gross rental yield	5.12%	5.24%
Number of Sales (12m)	494	99
Avg. Days on Market (12m)	40	44

Jump to Market Trends

Key Demographics	2011	2016
Total population	24,905	25,511
Population change (5y)	+6.01%	+2.40%
Median household income (p/w)	$904	$1,037
Household income change (5y)	+8.13%	+14.71%
Median age of persons	37	40

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Mount Gambier is $453,000 for houses and $306,000 for units.

The Median Growth in Mount Gambier over the past 12 months is 17.36% for houses and 9.29% for units.

Over the past 12 months there were 494 houses sold and 99 units sold in Mount Gambier. On average, houses spent 40 days on market and units spent 44 days on market.

In the past 12 months up to August 2024 there were 494 houses sold and 99 units sold in Mount Gambier. On average, houses spent 40 days on market and units spent 44 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Mount Gambier is $430 for houses and $305 for units.

The Rental Yield in Mount Gambier is 5.12% for houses and 5.24% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Mount Gambier was 25,511 in 2016, a +2.40% change compared to 2011.

The predominant age group in Mount Gambier is 0-9 years.

The population of Mount Gambier was 25,511 in 2016, a +2.40% change compared to 2011.

The predominant age group in Mount Gambier is 0-9 years.

Most of the population in Mount Gambier were born in Australia.

Most of the population in Mount Gambier report their religion as No Religion.

Most of the population in Mount Gambier report their income range as between $15,000 and $33,000 .

The median household income in Mount Gambier was $1,037 in 2016, a +14.71% change compared to 2011.

Most of the population in Mount Gambier report their income range as between $15,000 and $31,000 .

The median household income in Mount Gambier was $904 in 2011, a +8.13% change compared to 2006.

Most of the population in Mount Gambier work as Trades.

The chart below demonstrates the various levels of education in Mount Gambier.

Most of the population in Mount Gambier reached a qualification level of Certificate.

2011 2016

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