5 Forster Street, Port Augusta SA 5700

5 Forster Street, Port Augusta SA 5700
3 bed, 2 bath, 2 car | 815-836mยฒ block | mostly owner-occupied street | 67-day average market time The property offers a strong configuration for a family buyer, combining three bedrooms with two bathrooms on a substantial block that is rare for the price point. The 80% owner-occupier ratio on Forster Street signals stable demand and limited turnover, which typically supports resale value better than a high-rental street. The 67-day average market time for three-bedroom houses in the suburb suggests a balanced market where well-priced properties move without excessive competition. This house is best suited to a buyer seeking a good-sized parcel of land in a settled area, rather than a quick flip. The 20 square metre discrepancy in land size between sources is the primary risk, requiring verification from the contract or title before any offer. The property’s short time on market and single prior sale in 2016 limit price history transparency, though this also reduces the chance of overpaying based on inflated past records. The opportunity lies in the land-to-price ratio, as a 800+ square metre block at this price point is becoming less common in Port Augusta, offering future subdivision or extension potential if zoning permits.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 5 Forster Street, Port Augusta SA 5700
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Market Insight:

Port Augusta is an affordable regional centre experiencing a significant market upswing, driven by buyers seeking value beyond capital cities. This demand has fueled exceptionally strong recent price growth, reflecting a competitive and active market with a high volume of sales. Future momentum is linked to its sustained appeal as a cost-effective alternative, though its reliance on this single demand driver presents a notable concentration risk.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

815mยฒ

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