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Port Pirie West, SA 5540

Home » SA Real Estate Data » Port Pirie Regional Council, SA » Port Pirie West, SA 5540

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Port Pirie West, SA 5540 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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5BR

Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Port Pirie West, SA 5540”

  1. The total adult population (15 years or older) of Port Pirie West 5540 SA is 2,146, with a median age of 45. Of those, 28.15% are married, 17.89% are divorced or separated, 45.29% are single and 8.48% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,348. The median monthly mortgage repayment for households in this suburb is $693 which is 15.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of South Australia (SA), the suburb of PORT PIRIE WEST 5540 is a budding residential region that has approximately 1943 households. As uncovered from the Q3 data of 2023, the typical prices for houses in this suburb are marked at an affordable AUD 186,112. Moreover, the median weekly rent for houses stands at AUD 262, which paves the way for an impressive indicative yield of 7.32% setting this suburb apart as a noteworthy candidate for cash-flow focused investors.

    Examining some fundamental metrics, PORT PIRIE WEST 5540 has an IRSAD score of 763 out of 1217, suggesting middle-ranged socio-economic conditions. Although the area may contain a relatively high ratio of renters to owners at 42%, the units to houses ratio sits favourably low at 1%. This composition helps maintain a town-like feeling and keeps rentals competition to a minimum, more appealing to families seeking that long-term tenancy.

    Affordability squeaks through as one of this suburb’s standout characteristics. With an affordability index of just 17 years, homeownership can become an achievable dream well within the standard 30-year mortgage period.

    Moving onto supply metrics, PORT PIRIE WEST 5540 maintains a balanced market with a stock on market Percentage for houses sitting at a favourable 0.39%. inventory levels are also within a neutral range with 3.11 months, suggesting healthy absorption in the market. The building approvals ratio, another supply indicator, is well below the worrisome 2% mark at just 1.17%.

    Despite the average days on market for houses being considerably high at 311 days, indicative of lower demand, the extremely low vacancy rate of 0.13% for combined houses and units counteracts this, pointing towards high tenant demand. With a buy search index for houses rated at 5, which states a search value at the state/city average, it indicates the neutral-to-moderate demand for property buying in the area.

    Diving into the analysis of these statistics, investors can unlock a wealth of potent opportunities in the Australian property market. While some of the metrics for PORT PIRIE WEST 5540 might be in the unfavourable ranges, a majority of the indicators suggest a favourable investment environment. It’s this diverse mix that the HtAG Analytics’ Relative Composite Score (RCS) uses by factoring in over 80 metrics to equip potential investors with accurate and comprehensive market insights needed for astute property investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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