This property is Off Market
With an average age of 37, households expect an average monthly mortgage payment of $1,293 or a weekly rent payment of $172. The average family earns a weekly income of $1,292 with a typical household size of 2.2 and a 93.25% employment rate.
In Risdon Park 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Risdon Park due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Risdon Park 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Risdon Park the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
(Country of Birth not stated 8%)
Port Pirie a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
29 / 100
44 / 100
Industry
33 / 100
34 / 100
Population
56 / 100
37 / 100
House Prices
36 / 100
62 / 100
Jobs
31 / 100
33 / 100
Incidents Trend State Average
Port Pirie West Primary School
Port Pirie, SA, 5540 State R-7
Mid North Christian College
Port Pirie, SA, 5540 Independent R-12
John Pirie Secondary School
Port Pirie, SA, 5540 State U, 7-12
Airdale Primary School
Port Pirie, SA, 5540 State R-7
St Mark's College
Port Pirie, SA, 5540 Independent R-12
Risdon Park Primary School
Port Pirie, SA, 5540 State R-7
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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