Thinking about buying in Port Broughton? Now could not be a better time, with a whopping 1424 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $321,000 with prices in this suburb ranging from $76,000 to $1,058,000.Distance to the coast is 0 Km.
In Port Broughton there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Port Broughton is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Port Broughton leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Port Broughton necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Port Broughton we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Port Broughton a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$193.25|
|Median Monthly Mortgage||$1151.25|
|Median Persons Per Bedroom||0.70|
|Average Household Size||2.25|
|Average Cars Per Dwelling||2.34|
|Average Properties Within 50M||9.00|
|190 BUTE BOUNDARY RD, PORT BROUGHTON, SA, 5522||Tender 15 Oct 2021|
Port Broughton Area School(While the above schools are located with the suburb of Port Broughton there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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