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Port Augusta's Predicted Property Boom

houses.jpgPort Augusta is the regional town to watch this year with market research company Hotspotting predicting the town will experience major investment growth between 2018 and 2021.

The property market is set to benefit from a growing resource sector, which includes a number of renewable energy projects and the construction of a new commercial port.

That upswing in the market could be on its way with Port Augusta reporting a 2.17 per cent growth in house prices over the last year alone.

The median house price has risen by $4000 from $144,000 to $148,000.

Real Estate Institute of South Australia predicts exciting times ahead for the Iron Triangle with significant developments on the horizon in Whyalla, Port Augusta and Port Pirie.

Port Augusta’s property market experienced a major up-cycle for five years from 2003 to 2008, with four consecutive years in which the median house price grew more than 20 per cent