Port Pirie is a significant industrial and agricultural service city on Spencer Gulf, home to one of the world's largest lead smelters and a growing clean energy industry. Affordable housing stock, high rental yields, and a stable government/industrial employment base attract investors from eastern states seeking high cash-flow returns impossible to find in capital city markets. At the current $240k median house price, an 80% loan at 6.25% over 30 years is about $1,182 per month.
| Median house price | $240,000 |
|---|---|
| Median unit price | $148,000 |
| Estimated monthly repayment | $1,182 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.5% |
| Gross rental yield | 8.5% |
| Typical days on market | 36 |
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