Thinking about buying in Port Elliot? Now could not be a better time, with 2259 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $949,000 with prices in this suburb ranging from $368,000 to $2,650,000.
Port Elliot is located near the coast as well as views of the ocean, demand is likely to be high
|Median Weekly Rent||$281.25|
|Median Monthly Mortgage||$1303.88|
|Median Persons Per Bedroom||0.71|
|Average Household Size||2.13|
|Average Cars Per Dwelling||1.82|
|Average Properties Within 50M||25|
|1 Bed $367,000|
|2 Bed $599,000|
|3 Bed $718,000|
|4 Bed $1,054,000|
|5 Bed $1,070,000|
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Port Elliot 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. The slightly lower than average earnings from occupations in Port Elliot changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Port Elliot necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|UNIT 4, 1 FREELING ST, PORT ELLIOT, SA, 5212||3||1||1||Auction Fri 15th of December at 1pm On-Site (USP)|
|107 NORTH TCE, PORT ELLIOT, SA, 5212||4||1||2||$609,000 - $629,000|
Port Elliot Primary School
Encounter Lutheran College(While the above schools are located with the suburb of Port Elliot 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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