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Murray Bridge suburb profile

Murray Bridge is a picturesque town located in South Australia's southeast, approximately 76km from Adelaide. Known for its scenic views of the Murray River, the town offers a relaxed lifestyle with a strong sense of community. Murray Bridge is a hub for agriculture and industry, providing ample employment opportunities. The town features a mix of historic and modern architecture, with a variety of amenities including shopping centers, schools, and recreational facilities. Its proximity to the river allows for numerous water-based activities, making it a popular destination for both residents and visitors seeking a blend of rural charm and modern convenience.

Murray Bridge property market performance

Property growth-1.2%Past 12 months

Murray Bridge's property market has shown a strong performance over the past 12 months, particularly in the housing sector. House values have increased by 10.5%, with the current median house price reaching $625,000. However, the unit market remains stagnant, with no change in median unit value and minimal sales activity, as only one unit was sold over the past year.

The housing market has been active, with 64 houses sold in the last 12 months, although properties are taking longer to sell, with a median of 61 days on the market. The unit market, on the other hand, shows limited activity, reflecting a lack of demand or supply.

In terms of rental performance, house rents have increased by 7.6% over the past year, with an average rent of $495. Interestingly, unit rents have seen a significant rise of 16.7%, despite the limited market activity, with an average rent of $350.

HousesUnits
Median price
Past 3 months
$630KN/A
Change in value
Past 12 months
12.0%-14.4%
Sold
Past 3 months
66N/A
Median days on market
Past 12 months
62N/A
Average rent
Past 12 months
$500$350
Change in rent
Past 12 months
6.4%18.6%

5 year median price trend for houses and units

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Murray Bridge demographics

Murray Bridge, located in South Australia, is a regional town known for its picturesque setting along the Murray River and its strong agricultural roots. With a population of 15,043, it offers a blend of rural charm and essential urban amenities, making it an attractive place for families and retirees. The median age of 42 suggests a mature community, with many residents enjoying the town's relaxed lifestyle and natural beauty.

The housing landscape in Murray Bridge is diverse, with a significant portion of properties owned outright (29.9%) or with a mortgage (28.1%), indicating a stable homeownership environment. However, 42% of the properties are rented, reflecting a demand for flexible living arrangements, possibly due to the town's appeal to transient workers in agriculture and related industries. The median total household income of $1,005 per week is indicative of the regional economy, which is supported by agriculture, manufacturing, and retail sectors.

Family structures in Murray Bridge are varied, with couple families without children making up 43.1% of the households, followed by couple families with children at 32.5%. One-parent families account for 22.7%, highlighting the town's inclusive community that caters to different family dynamics. The presence of the Murray River not only enhances the town's scenic appeal but also supports recreational activities and tourism, contributing to the local economy. Overall, Murray Bridge offers a balanced lifestyle with its combination of natural beauty, community spirit, and essential services.

Suburbs near Murray Bridge

Some popular suburbs near Murray Bridge include:

  • Murray Bridge East: Known for its scenic river views and peaceful residential areas, Murray Bridge East is located directly east of Murray Bridge.
  • Riverglades: Offering tranquil living with close proximity to the river, Riverglades is situated to the northeast of Murray Bridge.
  • Swanport: Known for its rural charm and open spaces, Swanport lies to the south of Murray Bridge.
  • White Sands: Featuring picturesque landscapes and a serene environment, White Sands is located to the southeast of Murray Bridge.
  • Mypolonga: Known for its agricultural heritage and community spirit, Mypolonga is situated to the north of Murray Bridge.

How does Murray Bridge compare to nearby suburbs?

  • House price growth: Property prices in nearby Murray Bridge East have risen 17.1% more than in Murray Bridge over the past year.
  • Selling speed for houses: Properties in Murray Bridge are selling 19.5% faster than in Murray Bridge East.

Choose the right real estate agents in Murray Bridge

There are 56 real estate agents in Murray Bridge, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 44.8% of all sales in the past year.

Commission rates in Murray Bridge typically range from 2.16% to 3.13%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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