Suburb Profile Report for Roxby Downs SA (5725)

Roxby Downs House: Median price $275,000, Annual capital growth 2.82%, Number of sales 27, Weekly median advertised rent $340

Roxby Downs Unit: Median price $148,250, Annual capital growth 15.77%, Number of sales 10, Weekly median advertised rent $280

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

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

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  • House Report

SA has seen average median house prices change by 5.02% which means that Roxby Downs, 5725 has done well for property investors by showing a capital gain of -1.08% over the last year

Across a shorter period, Roxby Downs, 5725 has seen a median price increase of 14.58% over the last quarter.

Sellers are offering property buyers an average discount of -12.47% to buyers in Roxby Downs at the moment, which is less than average for the rest of SA.

Advertised rents are around the $340 mark per week – giving a return of 6.43% based on the median price in Suburb

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There’s one reason and one reason only why Roxby Downs is one of South Australia's best long-term performers for capital growth – and it’s called Olympic Dam.

Roxby Downs was purpose-built during 1987 and 1988 to service BHP Billiton’s Olympic Dam mine, which produces copper, uranium, silver and gold. The town’s population is around 4,500, with an average age of 29 years, plus a further 1,000 fly-in, fly-out shift workers.

The unique nature of the town is its blessing – and its curse. Its location effectively means there’s a captive audience for property, and a very healthy rental market with 5%-plus yields (according to RP Data) and a practically non-existent vacancy rate.

However, it also means that its fate is tied squarely to the fate of the mine. As an example, when demand for commodities from the mine fell during the GFC, median property values plummeted by over $20,000 – and have only recently stabilised following resolution of the controversial mining tax issues. Vacancy rates during that time also rocketed to well over 10%.

Expansion is what’s on the cards, too. BHP Billiton is proposing to turn Olympic Dam – already the world’s largest copper and uranium mine – into the world’s largest open-cut mine. Assuming this takes place, the future outlook of the town is very rosy indeed.

Investors, therefore, would be well advised to keep a weather eye on progress with the Olympic Dam expansion – as Roxby Downs could well revive its goldmine reputation if and when further development gets the green light.

Metrics i HOUSE UNIT
$275,000 $148,250
14.58% N/A
-1.08% N/A
2.82% 15.77%
$340 $280
27 10
6.43% 9.82%
166.846153846154 N/A

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

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 4700
Median household income ($/weekly) 2756
Median age of persons 29
Median housing loan repayment ($/monthly) 2339
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 638 13.6
    20-24 years 456 9.7
    25-34 years 1116 23.7
    35-44 years 918 19.5
    45-54 years 668 14.2
    Others 906 19.3
    Age Group
    Census Count Percent(%)
    Registered Married 1273 48.6
    Not Married 756 28.9
    Defacto Relationship 591 22.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3586 85.1
    Papua New Guinea 100 2.4
    South Africa 105 2.5
    United Kingdom 119 2.8
    Other 139 3.3
    Others 164 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 0.6
    Christianity 2466 61.7
    Hinduism 33 0.8
    Islam 18 0.5
    No Religion 1446 36.2
    Others 10 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 152 12.9
    $2,000-$2,499 113 9.6
    $2,500-$2,999 330 28.1
    $3,000-$3,499 174 14.8
    $4,000 or more 153 13.0
    Others 254 21.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2210 69.2
    Employed, worked part-time 375 11.7
    Not in the labour force 368 11.5
    Employed, away from work 185 5.8
    Unemployed, looking for work 54 1.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 450 16.3
    Technicians & trades workers 739 26.7
    Clerical & administrative workers 300 10.8
    Machinery operators & drivers 476 17.2
    Labourers 255 9.2
    Others 547 19.8
    Occupation
    Census Count Percent(%)
    Pre-school 81 8.0
    Infants/Primary 484 48.0
    Secondary 193 19.1
    Technical or Further Educational Institution 148 14.7
    University or other Tertiary Institutions 86 8.5
    Others 16 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3367 90.1
    Semi-detached, row or terrace house, townhouse 203 5.4
    Flat, unit or apartment 126 3.4
    Caravan, cabin, houseboat 40 1.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 877 67.0
    Being purchased 339 25.9
    Fully owned 84 6.4
    Other tenure type 9 0.7
    Tenure Type
Census 2011, ABS
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