Renmark is the gateway town to the Murray River's famous Riverland district, a major horticultural and winemaking region. The Murray River lifestyle, houseboat tourism, and a growing permanent sea-change migration from Adelaide and Melbourne are creating sustained demand growth in an affordable market with rental yields that significantly exceed metro norms. At the current $350k median house price, an 80% loan at 6.25% over 30 years is about $1,724 per month.
| Median house price | $350,000 |
|---|---|
| Median unit price | $216,000 |
| Estimated monthly repayment | $1,724 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6% |
| Gross rental yield | 6.8% |
| Typical days on market | 30 |
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