Can you afford to live in Mount Gambier?

To rent in Mount Gambier without housing stress, a household income of about $65,000/year keeps the rent of $375/week at or below 30% of gross income — the standard affordability benchmark. That rent is our modelled median (no bond data published for Mount Gambier yet). Check your income →

To buy the median home ($270,000) with a 20% deposit of $54k, repayments at 6.2% over 30 years come to about $1,323/month — comfortable on roughly $53,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 3.0 years, before stamp duty of $10k. Run your own loan →

That price is an estimate, and probably too low. Unlike the rent above, no government publishes open sale prices for South Australia, so we model it from distance, population and income. Where we can check that model against real sales, it runs about 40% under — so treat this figure, and the deposit and repayments built on it, as a rough scale rather than a number to plan around. How we're fixing this →

Compared to the rest of South Australia, Mount Gambier is more expensive to buy than 0% of the state's suburbs (state median $270k) and pricier to rent than 63% (state median $349/week). It sits roughly 377 km from the Adelaide CBD as the crow flies.

For investors, the median rent against the median price gives a gross rental yield of about 7.2% before costs. Net yield calculator →

Modelled medians, not valuations — every formula above is documented on our methodology page.