Suburb Profile Report for Roxby Downs SA (5725)

Roxby Downs House: Median price $280,000, Annual capital growth -1.35%, Number of sales 46, Weekly median advertised rent $380

Roxby Downs Unit: Median price $142,500, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent $300

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

Property investors who have had real estate in Roxby Downs, 5725 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.74%

Comparing Roxby Downs,5725 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

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 Roxby Downs, 5725. Typically our figures indicate that -9.58% is being offered, which puts this SA suburb at 369th most discounted overall in Australia.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of -1.35%, investors should hope to achieve an overall return of 7.06%

Situated 182.21km from the CBD, Roxby Downs is one of Roxby Downs localities in the postcode 5725.

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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.Full summary

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.

Close
Metrics i HOUSE UNIT
$280,000 $142,500
9.80% -0.87%
21.74% N/A
-1.35% N/A
$380 $300
46 14
7.06% 10.95%
137.6 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (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
Chart Table
Recent sales & rentals