Situated in South Australia's 5253 postcode, Murray Bridge is a well-established residential suburb. Located approximately 65km from the Adelaide CBD, the suburb is serviced by 8 schools and benefits from solid transport and amenity access.
Murray Bridge has a population of approximately 15,043, a median age of 39, a median weekly household income of $1,121. The suburb has a balanced mix of owner-occupiers (55%) and renters, indicating healthy demand across both segments. Across the broader LGA, 17.3% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (15.3%), Retail Trade (11.5%), Manufacturing (11.0%).
The current median house price in Murray Bridge is $565,000. The suburb has delivered strong average annual growth of 18.7% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 15.31%.
Properties in Murray Bridge spend an average of 35 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.54%. With inventory levels at just 1.59 months, supply is tight relative to demand. The average vendor discount is -4.1%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Murray Bridge is $490. Gross rental yield is 4.51%, providing a solid income return. Vacancy rate is 1.16%, reflecting healthy rental demand. Rents have grown 6.52% over the past 12 months.
The broader local government area is forecast to grow from 23,916 to 24,944 residents by 2031 (4.3% growth).
Explore other suburb profiles in the area: Mount Barker, SA, Strathalbyn, 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 Murray Bridge 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.