Port Augusta (postcode 5700) is a moderately sized suburb in South Australia within the Port Augusta local government area. The area has roughly 6,437 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $57K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Units have a median price of $219,000 (-2.8% YoY). The current median weekly rent is $322. This gives a gross rental yield of approximately 7.7%. The median monthly mortgage repayment is $979.
Port Augusta is served by 6 schools, including 2 primary, 1 secondary, 2 combined, 1 special. The average ICSEA score is 805, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Port Augusta LGA is higher than average at 41,961 incidents per 100,000 population.
Looking at the investment signals, Port Augusta shows a gross rental yield of approximately 7.7%, rated as high yield. Property prices sit below the state median ($219K/$950K), which can point to relative value. The price-to-income ratio of 3.9x is considered affordable. House prices have moved -2.8% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.