20 Racketts Road, Pelican Point SA 5291

Pelican Point’s calm coastal backdrop and quick drive into Mount Gambier keeps demand steady among downsizers and lifestyle buyers chasing affordable acreage close to the water, despite the suburb’s tiny population. With only a handful of sales and long days on market, growth hinges on limited stock and any infill or amenity upgrades, so well-timed buyers can benefit if they accept slower turnover; downside risk is the area’s low rental yield and ageing demographic constraining local spending. Prices have eased over the past six months after a double-digit annual drop, so buyers are seeing softer entry points while sellers remain cautious.