Investing in property is a big commitment to anyone’s portfolio and if you’re looking at property in Mount Barker it’s worth it to do your research.
What is the experience like of owning property in Mount Barker?
Mount Barker is a growing area of the Adelaide Hills in South Australia. There are many new and expanding families living and moving into the area. At approximately 69 square kilometers in total size there is space for everyone, but also a sense of community. With over 20 parks that cover nearly 1% of total area, many walking trails, reserves, and street tree planting programs you will always be close to nature. The average daily high temperature is 20 degrees Celsius, with 766.8mm of rainfall annually. The majority of residents are English speaking, but with increasing numbers of residents arriving from overseas the township of Mount Barker is developing a wider social mix and vibrancy.
2011 Mount Barker Demographic Estimates:
- Adults 35-44 years old accounted for 15.6% of the population
- Children 0-4 years old accounted for another 7.6% of the population
There are many restaurants and eateries available to residents in the community. Other local amenities include several hotels, a cinema complex for entertainment, supermarkets & specialist food shops to cover your daily needs. This range or services plus good public transport makes Mount Barker a popular destination for tenants.
2026 Demographic Projections For Mount Barker:
- Children 0-14 years old will make up 22.4%
- Adults 30-44 years old will make up 20.6%
An expanding community for your family or business to grow with over time. The overall population is also expected to grow as over 30% of homes will be occupied by families with children under 25 in the vibrant community.
Will my investment or rental house go up in value?
All homes have a chance to go up in value, but it’s important to research trends, and other factors that can contribute to increased property value. There are many online resources to help you determine the value of your future home moving forward.
Population growth is one way we can learn more about an area and see what the forecast is for property owners. Although this data doesn’t directly affect property values for investors it does influence some people’s decision to choose an area that is growing over another that is not.
– Population and Dwelling Estimates
The population of Greater Mount Barker in 2016 is 23,244 people. In 2011 the population was 20,892 showing a population growth of 11.3% in the area during that time.
The number of dwellings in Greater Mount Barker is forecast to grow from 9,491 in 2016 to 13,019 in 2026, with the average household size falling from 2.61 to 2.57 by 2026. According to .id consulting pty ltd this increase in population with a corresponding decrease in house size equates to more households needed to meet demand.
Can I rent an Investment property after buying it?
Renting your house in Mount Barker can help to offset the cost of purchasing an investment property. In order for that to happen you will need to make sure the price you are renting the property for is market value. One of the best ways to do this is by hiring a property management team to look after the rental.
– What Are Professional Property Management Services?
Having a rental property management team handle the details of rent collection, tenant approval and maintenance can help give you more free time. A property management team can also help get your investment property rented quickly when an existing tenant leaves. Their services should help you learn more about the market, advertising, inspections, reviews and more.
The Mount Barker Investment Property Facts
We can’t say definitively that investing in a Mount Barker Property will earn you money, but we can say you have the opportunity to own a comfortable home in a young and growing community. We recommend continuing to look into investing further to find the right property and location for you. If you have any questions about renting an investment property in Mount Barker we would be happy to help answer your questions. It is important to remember as well that, when dealing with financial matters, potential investors should seek independent advice from qualified & licensed financial & investment advisers.
All statistics are gathered from the .id consulting pty ltd website and the Mount Barker Wikipedia