Barmera is a residential suburb in South Australia, sitting within the 5345 postcode. Located approximately 188km from the Adelaide CBD, the suburb is serviced by 2 schools and benefits from solid transport and amenity access.
Barmera has a population of approximately 2,884, a median age of 48, a median weekly household income of $1,156. The suburb has a balanced mix of owner-occupiers (65%) and renters, indicating healthy demand across both segments.
The current median house price in Barmera is $457,000. The suburb has delivered strong average annual growth of 17.0% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 20.26%.
Properties in Barmera spend an average of 41 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.46%. Inventory levels are at 2.15 months, indicating a balanced market. The average vendor discount is -2.5%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Barmera is $420. Gross rental yield is 4.78%, providing a solid income return. The vacancy rate of 0.33% signals very strong rental demand. Rents have grown 13.51% over the past 12 months.
The broader local government area is forecast to grow from 10,867 to 10,845 residents by 2031 (-0.2% growth).
Explore other suburb profiles in the area: Berri, SA, Renmark, SA, Tanunda, SA, Nuriootpa, SA.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Barmera or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.