Suburb Profile Report for Port Augusta SA (5700)

Port Augusta House: Median price $145,000, Annual capital growth 2.56%, Number of sales 78, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

SA has seen average median house prices change by 2.95% which means that Port Augusta, 5700 has done well for property investors by showing a capital gain of -12.65% over the last year

If we look at median property appreciation over just the last three months, Port Augusta has given property investors a paper return of -7.35%. This puts Suburb as 420 on a list of fastest fasting appreciating suburbs in SA

LACK OF BUYER INTEREST may well be the reason that Port Augusta is offering property investors an average of -6.50. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in SA

The SA suburb of Port Augusta, 5700 is in the Port Augusta local government area.

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Situated by one of the state's major crossroads, this South Australian location could benefit from major growth expected to come about from expansion to BHP Billiton's Olympic Dam mine.Full summary

Situated right on top of one of South Australia’s major crossroads, Port Augusta’s location is one of the major driving forces that underpin its property market. It’s location at the top of the Spencer Gulf allows its residents to fan out in all directions to reach their places of employment.

First National Real Estate Port Augusta director Mick Gilbert notes that Port Augusta is the nearest major town to South Australia’s major resource project – Olympic Dam – and that this much talked about mine is a major employer for the city’s population.

“We’re only 300km south of Roxby Downs and the Olympic Dam project,” he says. “Back in 2001 to 2007 when the last expansion happened, it had a really positive effect on our city. A truck load of investors came over, especially from the eastern states and even from Perth, and prices skyrocketed.”

With plans for the BHP Billiton-owned Olympic Dam’s latest expansion expected to be finalised this year, the mood amongst the city’s real estate insiders is that now is the time to buy into this South Australian regional powerhouse before the herd come rolling in.

“If you look at the outlook for Port Augusta over the next five years, it is extremely exciting, particularly as Roxby Downs will potentially become the biggest mine in the world,” says Century 21 Port Augusta manager John Rejack.

“We believe the state and federal government announcements are not far away, and the board of BHP would then meet to make their decision,” he adds, noting that BHP is likely to make its final call in March or April next year.

He adds that, in preparation for the Olympic Dam effect as well as supporting the city’s status as the South Australian far north’s regional linchpin, the Port Augusta council is in the process of rezoning sufficient land to create an additional 5,000 residential allotments.

And the state government sees the development of Port Augusta as a major priority, having formally adopted the Port Augusta Structure Plan into its State Planning Strategy at the beginning of the year.

The plan, says Minister for Urban Development and Planning Paul Holloway, is to guide development and growth in Port Augusta to ensure the city can respond to mining and defence industry growth in the north and west of the state.

“It seeks to ensure there is a supply of well located, market ready and affordable industrial, commercial and residential land, when needed,” says Holloway. “The Structure Plan identifies where this land is located, with great consideration to how appropriate infrastructure and services can be provided. In turn, this will provide Port Augusta with a competitive advantage as an investment destination.”

In the meantime the city’s tight rental market will tide investors over while the government’s plans take shape.

“Our rental market at the moment is performing extremely well. In fact, housing demand is at the strongest level I have seen for over 20 years,” says Rejack.

He notes that three-bedroom houses are most in demand, and those that are well-presented, well-located and have a garage and outdoor entertaining areas will rent for $280-$300pw. As a general rule however, Gilbert adds that anything that’s “neat and tidy” will be snapped up by tenants.

Port Augusta West and Stirling North are the two areas that top renters’ wish lists. Rejack notes that there’s even a tenant waiting list in these two desirable suburbs.

Close
HOUSE UNIT
$145,000 N/A
-7.35% N/A
-12.65% N/A
2.56% N/A
$250 N/A
78 N/A
8.97% N/A
134.32 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 7334
Median household income ($/weekly) 889
Median age of persons 38
Median housing loan repayment ($/monthly) 1100
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 911 12.4
    25-34 years 962 13.1
    35-44 years 969 13.2
    45-54 years 995 13.6
    55-64 years 827 11.3
    Others 2671 36.4
    Age Group
    Census Count Percent(%)
    Not Married 2115 46.1
    Registered Married 1770 38.6
    Defacto Relationship 700 15.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5924 91.8
    Greece 42 0.7
    Japan 38 0.6
    United Kingdom 201 3.1
    Other 55 0.9
    Others 192 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.5
    Christianity 3542 61.9
    Hinduism 29 0.5
    Other Religious Groups 21 0.4
    No Religion 2091 36.5
    Others 15 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 230 10.1
    $400-$599 312 13.7
    $600-$799 271 11.9
    $800-$999 241 10.6
    $1,500-$1,999 248 10.9
    Others 975 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2320 44.5
    Employed, worked full-time 1653 31.7
    Employed, worked part-time 854 16.4
    Unemployed, looking for work 203 3.9
    Employed, away from work 188 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 371 13.8
    Technicians & trades workers 428 15.9
    Community & personal service workers 438 16.2
    Clerical & administrative workers 365 13.5
    Labourers 334 12.4
    Others 760 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 107 8.9
    Infants/Primary 530 44.2
    Secondary 347 29.0
    Technical or Further Educational Institution 122 10.2
    University or other Tertiary Institutions 61 5.1
    Others 31 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5426 90.8
    Semi-detached, row or terrace house, townhouse 287 4.8
    Flat, unit or apartment 255 4.3
    House or flat attached to a shop, office 8 0.1
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1034 40.6
    Fully owned 796 31.3
    Being purchased 704 27.7
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
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