Suburb Profile Report for Port Lincoln SA (5606)

Port Lincoln House: Median price $306,000, Annual capital growth 1.52%, Number of sales 195, Weekly median advertised rent $300

Port Lincoln Unit: Median price $230,000, Annual capital growth 1.73%, Number of sales 67, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Port Lincoln has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -2.86% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Port Lincoln has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Port Lincoln are currently offering property investors an average price cut of -7.77% below the asking price at the moment.

In the last year 195 properties changed hands in Port Lincoln, which puts it as the 14th most active market in SA when comparing the number of sales per suburb.

Situated 237.68km from the CBD, Port Lincoln is one of Port Lincoln localities in the postcode 5606.

If you compare the increase in value of investment property in Port Lincoln, 5606 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 3.25%.

When looking at the potential capital gains offered to property investors over the last 3 years, Port Lincoln comes in at number 142th in SA.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Port Lincoln, 5606. Typically our figures indicate that -6.68% is being offered, which puts this SA suburb at 324th most discounted overall in Australia.

In the last year 67 properties changed hands in Port Lincoln, which puts it as the 19th most active market in SA when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3000 per annum or $250 every week.

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South Australia is all about affordable investing, says PRDnationwide analyst Aaron Maskrey, and the bayside town of Port Lincoln’s units offer just that.Full summary

South Australia is all about affordable investing, says PRDnationwide analyst Aaron Maskrey, and the bayside town of Port Lincoln’s units offer just that.

What’s driving Port Lincoln’s appeal, says Maskrey, is a growing economy and the potential for mining wealth to filter through to this picturesque seaside town.

“Port Lincoln’s economy is dependent on agriculture, however, there is an evolving tourism market due to its costal location and scenic appeal. If the expansion to the Olympic Dam proceeds, then there would also be a positive flow on effect to the local economy in Port Lincoln,” he says.

But it’s not just BHP Billiton’s headline grabbing $30bn Olympic Dam project that’s set to give Port Lincoln’s property market a boost, says Raine & Horne Port Lincoln director Steve Prout, as the Eyre peninsula’s own iron ore deposits are bringing an increased mining presence to the region.

“There are several mining projects that will be commencing in the next two to three years,” he says, adding that plans are afoot for Centrex Metals to build a new deep water port 70km north-east of Port Lincoln. What this will do, he says, is bring economic growth to the area without spoiling the city’s charm.

“There are a pretty strong five to ten 10 years coming up, these are exciting times,” he adds. “And it’s a perfect time in the cycle to be buying, as the market’s slow and rents are creeping up. Investors now make up 28 to 35% of our clients, whereas normally they’d be 15 to 20%.”

When it comes to finding a tenant, he adds that the city’s has a strong rental market thanks to managerial and government staff in the area benefiting from employer-subsidised rents. And looking at the figures, the rental situation’s expected to ramp up further in the medium to long term.

Population growth averages out at 0.75% per annum over four years according to ABS data, but SQM Research predicts that this figure will be closer to 2% by 2016. Renters made up 32% of the market at the last Census in 2006, and SQM predicts that this number will rise to 41% by 2011 and 46% by 2016.

Prout notes that unsurprisingly the most popular properties are those on the waterfront by the marina, and that properties in the $250,000 to $450,000 range are exceptionally strong for rentals. He adds that, with many of Port Lincoln’s residents being attracted to the city for its lifestyle options, having storage for surfboards, fishing gear and the like will also increase your chances of bringing in tenants.

In terms of amenities and attractions, the nation’s self-proclaimed seafood capital offers plenty of eating options, a couple of private and public schools, good sporting facilities and, of course, the ocean.

Close
Metrics i HOUSE UNIT
$306,000 $230,000
-2.86% 0.00%
-2.86% 3.25%
1.52% 1.73%
$300 $250
195 67
5.10% 5.65%
151.56 145.58

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Port Lincoln SA
Demographics
Total population 14088
Median household income ($/weekly) 924
Median age of persons 38
Median housing loan repayment ($/monthly) 1313
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1894 13.4
    25-34 years 1706 12.1
    35-44 years 1849 13.1
    45-54 years 1937 13.7
    55-64 years 1648 11.7
    Others 5054 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 4493 45.4
    Not Married 4155 42.0
    Defacto Relationship 1251 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 12192 91.0
    Greece 82 0.6
    Papua New Guinea 110 0.8
    United Kingdom 473 3.5
    Other 97 0.7
    Others 443 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 0.5
    Christianity 8195 64.8
    Hinduism 18 0.1
    Other Religious Groups 32 0.3
    No Religion 4299 34.0
    Others 26 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 508 10.4
    $400-$599 685 14.0
    $600-$799 610 12.5
    $800-$999 489 10.0
    $1,500-$1,999 541 11.0
    Others 2063 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3928 36.7
    Employed, worked full-time 3669 34.2
    Employed, worked part-time 2239 20.9
    Employed, away from work 506 4.7
    Unemployed, looking for work 373 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 748 11.7
    Professionals 977 15.2
    Technicians & trades workers 983 15.3
    Clerical & administrative workers 791 12.3
    Labourers 1023 15.9
    Others 1893 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 178 6.1
    Infants/Primary 1336 46.0
    Secondary 835 28.7
    Technical or Further Educational Institution 310 10.7
    University or other Tertiary Institutions 149 5.1
    Others 98 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10575 81.9
    Semi-detached, row or terrace house, townhouse 1586 12.3
    Flat, unit or apartment 685 5.3
    Caravan, cabin, houseboat 59 0.5
    Improvised home, tent, sleepers out 6 0.0
    Others 5 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1992 37.4
    Being purchased 1714 32.2
    Fully owned 1579 29.6
    Other tenure type 46 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals