finewPortAug
Reviews
"Should Benefit from Olympic Dam Mine expansion"
Bought an investment here towards to end of last year and was attracted to the rental yields. With the Olympic Dam mine expansion looking like it should go ahead; Port Augusta would definitely feel some rollover effects from all that money flowing in. Hopefully the capital growth will follow soon after.
Heard that the place was rough but when my wife and I were there the locals were actually pretty friendly, some nice infrastructure like the Arid Lands Botanic Gardens, the boardwalk by the Spencer Gulf was very good for morning walks. Not the mention some of the views! Absolutely stunning. Also has the Royal Flying Doctors Base here and BHP keeps pumping money into them. Wonder why?
I think its a much affordable option than Roxby Downs with the rental yields helping you hold the investment if you are after such an option. There are double maisonettes for sale which gives you 2 rental incomes; not easy to find as an investor. Drove from Adelaide City in 3 hours no problems so I was happy with the distance of this 'regional' town as well.
Great for
- Diversified Town with large population and props up other smaller towns like Stirling North and Quorn
- Many mines nearby including Olympic Dam soon to be world's largest
Not great for
- Uncertain future of the coal station that is a major employer
- Its a regional town: not the most exciting place to be
Who lives here?
- Professionals
- Singles
- Families with kids
- Tourists
- Country Lovers