Investor Research Note · Residential Houses · Early Access

Port Pirie

SATier 2UnknownPositiveEarly· Grace window ⏱
57
/100
Policy
▲ UPGRADED
Rank #14 of 20

5.6% yield at $272k (the lowest absolute entry price in the scan) is cashflow positive. Nyrstar's $500M smelter upgrade secures permanent employment. Discovery status 'Unknown' means no institutional competition. Price growth +8.0% already reflecting some catch-up but starting from very low base.

Market Metrics
Gross Yield
5.64%
Rent Growth
+5.5%
Price Growth
+8%
Vacancy
1.2%
Median Price
$272k
Weekly Rent
$295
Population
14k
Income Level
Low
NG Dependence
None
National Rank
#14
Cashflow Estimate
80% LVR at 6.5% interest. Indicative only.
Annual Rent
$15,340
Annual Interest
$14,144
Net Pre-Costs
+$1,196
NG Required?
No
Rent Projection
At 5.5% annual rent growth. Model estimate only.
PeriodWeekly rentAnnual rentvs. InterestStatus
Now$295/wk$15,340+$1,196Positive
Year 1$311/wk$16,184+$2,040Positive
Year 2$328/wk$17,074+$2,930Positive
Year 3$346/wk$18,013+$3,869Positive
Year 4$365/wk$19,004+$4,860Positive
Investment Signal

5.6% yield at $272k (the lowest absolute entry price in the scan) is cashflow positive. Nyrstar's $500M smelter upgrade secures permanent employment. Discovery status 'Unknown' means no institutional competition. Price growth +8.0% already reflecting some catch-up but starting from very low base.

Risk / Warning

Single employer risk (Nyrstar). Any operational disruption has outsized impact; small population (14,200) limits re-sale liquidity; industrial town with some amenity constraints.

Budget Policy

5.6% yield at $272k = $15,340 rent vs $14,144 interest = $1,196 positive pre-cost. No NG needed. 80km from Edinburgh RAAF, where significant defense expansion creates secondary accommodation demand. Grace window applies.

Economic Catalysts
Nyrstar Port Pirie smelter ($500M upgrade, world's largest polymetallic smelter)Defense supply chain (Edinburgh RAAF precinct, 80km)Port of Port Pirie (bulk minerals export)SA Government regional housing investment
Score Breakdown
57 / 100
Rental yield signal
+16
Rental momentum
+11
Yield vs. price spread
+5
Supply tightness
+9
Economic fundamentals
+10
Market liquidity
+6
Discovery discount
0
Policy adjustment+4pts
Total score57
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Data Sources

CoreLogic SA Q1 2025 · REISA Port Pirie Q4 2024 · SQM Research · Nyrstar investor briefing 2024 · SA Department of Defense Industry supply chain data 2024

VintageQ1 2025 (indicative). All figures are model estimates compiled from public sources. Verify independently before making any investment decision. Not financial advice.
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