Suburb Profile Report for Port Lincoln SA (5606)

Port Lincoln House: Median price $325,000, Annual capital growth 1.41%, Number of sales 279, Weekly median advertised rent $300

Port Lincoln Unit: Median price $269,000, Annual capital growth -0.55%, Number of sales 65, Weekly median advertised rent $240

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Port Lincoln has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.33%

Port Lincoln,5606 has offered an average of 8.33% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -4.48% to buyers in Port Lincoln at the moment, which is less than average for the rest of SA.

With the median price for a house in Port Lincoln being $325000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.80%

Over the last year, property investments in Port Lincoln, 5606 have given investors a capital gain of 12.79%. This compares favourably with the 4.52% for SA as a whole.

Port Lincoln,5606 has offered an average of 12.79% return per annum in house price rises to property investors over the last three years.

Port Lincoln5606 is located in SA which offers an average discount of -4.50% to property investors. Port Lincoln itself is showing figures that indicate -3.61% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Port Lincoln have been waiting around 112.846 days to sell a property.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at -0.55%.

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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.

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.

Metrics i HOUSE UNIT
$325,000 $269,000
4.50% 1.51%
8.33% 12.79%
1.41% -0.55%
$300 $240
279 65
4.80% 4.64%
105.685534591195 112.846153846154

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Port Lincoln SA
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
    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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