Port Lincoln (postcode 5606) is a settled mid-to-large suburb in South Australia within the Port Lincoln local government area. With a population of 14,458, the suburb has an established demographic with a median age of 41. Households earn a median income of $65K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Units have a median price of $355,000 (+31.5% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,300.
Port Lincoln is served by 8 schools, including 4 primary, 1 secondary, 2 combined, 1 special. The average ICSEA score is 922, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Port Lincoln LGA is higher than average at 13,425 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.9%, which reads as high yield. Property prices sit below the state median ($355K/$950K), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved +31.5% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.