At number 508th in the list of Australian suburbs ordered by increase in median house value over the last year, Port Pirie West, 5540 is in the top 20% with a property value increase of 14.74% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Port Pirie West has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Port Pirie West is giving property investors an average Vendor Discount of around -13.50%. This puts suburb at number 9th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $210 and the average annual increase in value of a median property of 1.75%, investors should hope to achieve an overall return of 10.02%