Mount Gambier at a glance
26,671
People
$586,000
Median sale
$420/wk
Median rent
3.73%
Suburb gross yield
Median sale from 99 recorded sales (last 12 months) — a Districts calculation.
SA › Mount Gambier › Banksia St
$533,000
Last sold
27 Mar 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
926 m²
Land
110 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$533,000
27 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Mount Gambier (last 5 years) with land size have a median of $753/m² of land (n=71). Districts calculation from recorded sales — not a valuation.
Mount Gambier at a glance
26,671
People
$586,000
Median sale
$420/wk
Median rent
3.73%
Suburb gross yield
Median sale from 99 recorded sales (last 12 months) — a Districts calculation.
Vs Mount Gambier
-9.0%
Median sale
Suburb $586,000
+0.37 pp
Gross yield
Suburb 3.73%
Suburb median $586,000 from 99 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $420/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mount Gambier at a glance
26,671
People
$586,000
Median sale
$420/wk
Median rent
3.73%
Suburb gross yield
Median sale from 99 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Property Co SA** Due to strong interest & a number of offers being negotiated, we now ask for all Highest, Best & Final Offers to be presented by 4pm (SA Time), Wednesday 18th March 2026**
Positioned in a convenient in-town location, 4 Banksia Street presents a fantastic opportunity for buyers seeking a comfortable home with outstanding storage and workspace options rarely found on residential properties within the town limits. Combining practicality, space, and future potential, this three-bedroom home offers a well-balanced lifestyle both inside and out.
Stepping through the front of the home, you are welcomed into a warm and inviting living area. Vinyl plank flooring provides both durability and modern appeal, while the space is well-equipped for year-round comfort with a ceiling fan, wood fire, and air conditioner. This central living zone creates the perfect place to relax with family or entertain guests.
Moving through to the kitchen, the home continues to impress with its generous storage and functional layout. Recently updated with a new electric oven and cooktop, the kitchen provides a practical space for everyday cooking while still offering plenty of potential for future enhancements.
The home offers three well-sized bedrooms. Bedroom one is generously proportioned and features built-in robes, blinds, and vinyl plank flooring, creating a comfortable and low-maintenance retreat. Bedroom two also includes built-in robes and blinds, complemented by carpet underfoot. Bedroom three provides flexibility as a blank canvas, ideal as a guest room, home office, or hobby space, and is fitted with carpet and blinds.
The bathroom, while original, has been well maintained and offers excellent potential for those looking to update over time. It features a walk-in shower, full-size bath, and vanity area, while a separate toilet adds additional practicality for families.
Stepping outside, the property truly shines with its exceptional shedding. The shedding consists of a substantial double stone shed with an attached Colourbond extension fitted with an aerial. At the rear of the stone shed are two additional smaller rooms, each with separate side access, providing ideal spaces for workshops, storage, hobbies, or potential studio areas.
Adjacent to the shedding is a large concrete area featuring a water feature, offering further potential for outdoor entertaining or future landscaping projects.
The backyard continues to offer functionality and charm, with established garden beds and multiple fruit trees providing a productive outdoor space. An original chicken coop adds character and the possibility to own chickens in the future.
Additional practical features include a rainwater tank plumbed directly to the kitchen, electric hot water, and a water softener system.
Offering comfortable living, incredible storage, and exciting potential, 4 Banksia Street is a property that will appeal to a wide range of buyers from first home owners and families to tradespeople or those simply seeking extra space within town.
Additional Information:
Land Size: Approx 926m2
Building Size: Approx 110 m2
Council Rates: Approx Approx $426 per quarter
Emergency Services Levy: Approx $84.50 per annum
Water / Sewerage Rates: Approx $176 per quarter
Age of Building: Approx 1965
Rental Appraisal: $430 - $450 per week
Disclaimer:
All information provided has been obtained from sources we believe to be accurate; however, we cannot guarantee its accuracy and accept no liability for any errors or omissions. This includes, but is not limited to, land size, floor plans, building size, age, condition, rates, outgoings, zoning, approvals, and property features. All images, floor plans, and descriptions are for illustrative purposes only and measurements are approximate.
Interested parties are encouraged to make their own enquiries and obtain independent legal and financial advice. Please refer to the Consumer and Business Services Form R7 http://www.cbs.sa.gov.au/assets/files/form_r7_warning_notice.pdf in reference to any financial or investment advice contained within this communication. Liability limited by a scheme approved under Professional Standards Legislation.
The Property Co. SA | RLA: 312 565
Listing description written by Bianca Taylor, The Property Co SA — reproduced as published, not verified by Districts.