PORT AUGUSTA SALES MARKET UPDATE: JULY 2020
New opportunities are ready and waiting for investors in Port Augusta, and the rental return has interest coming from local and interstate buyers. The sale price points are indicating where the activity is centred, with any sub-$200K property getting solid enquiry interest weekly. The upper $200K and above market has slowed, but transitioning seller/buyers are moving into this price bracket in a very careful and methodical manner.
Value for money and features aplenty are key to achieving sales in the upper price range sector of the market. Sheds, multiple living and large yards are favoured, as COVID-19 lock-down wary buyers are ensuring their next purchase has a greater scope for lifestyle attached. New build homes are still far and few between, however, a new style of buying has emerged – Renovate through your mortgage. This involves securing more finance to step up to a better quality of home rather than negotiate a lower price and attempt renovations at a later date.
These interesting developments are all making for an exciting and unprecedented real estate market in Pt Augusta. Low vacancy rates, high buyer expectations and cheap finance means this is a great time to acquire another investment property. Here is a selection of working investments we have listed that we can recommend to anyone wishing to add to their portfolio:
3 Nicholson Tce, Port Augusta
118 Carlton Pde, Port Augusta
32 Douglas St, Port Augusta
16 Stoddart St, Port Augusta
49 Edinburgh Tce, Pt Augusta
34-36 Pool Street, Quorn
85-87 Stirling Rd, Port Augusta
9 Kite Street, Stirling North
WHYALLA SALES MARKET UPDATE: JULY 2020
The rental market is strong at present which is great news for investors. If you are looking to further your portfolio then now is the time to do it. We have some fantastic investment properties available and one of our friendly Property Managers can speak to you regarding rental income on these properties.
The last year has seen a significant increase in the sales market in Whyalla with all suburbs recording an increase of 10% or more in some suburbs we have seen an increase of 25-48%. In light of the recent announcement concerning a proposed 9 story high rise resort on the beach front in Whyalla I expect this trend to continue.
The construction of the proposed high school is underway and many contractors have filled many rental properties in Whyalla. We have other companies also looking for temporary accommodation in Whyalla who will kick off the new solar project and with current low vacancy rates we require more rental properties. This is a great time to invest in the Whyalla market so speak to one of our sales consultants today to discuss your options.
Here is a selection of working investments we have listed that we can recommend to anyone wishing to add to their portfolio:
24 Murphy Crescent, Whyalla Stuart
23 Millowick Street, Whyalla Stuart
29 Knuckey Street, Whyalla Norrie
6 Ephgrave Street, Whyalla Stuart
50 Mills Street, Whyalla Norrie
269 Jenkins Avenue, Whyalla Stuart
25 Scoble Street, Whyalla Norrie
24 Smoker Street, Whyalla Norrie
STAGE ONE RENEWABLE ENERGY PARK OPENING Port Augusta City Council Chief Executive Officer John Banks and Mayor Brett Benbow attended the official opening and turning of the sod for Stage 1 of Iberdrola’s Port Augusta Renewable Energy Park this morning, with official proceedings conducted by the State Premier Mr. Steven … Read more
$100M NINE STOREY RESORT Whyalla’s tourism industry is set to be supercharged through the construction of a $100m nine-storey resort on the city’s foreshore. The project, which is yet to be approved, would include about 180 hotel rooms, 44 luxury apartments, food and beverage outlets, conference facilities and a large … Read more