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SA › Port Augusta › Forster St

38 Forster St, Port Augusta SA 5700

For saleOther for Sale

$270,000

For sale

Asking

4

Bedrooms

1

Bathrooms

3

Car spaces

785 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $270,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $270,000(Listing record · 20 July 2026)
  • CalculationLand 785 m² against a 85 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 21% below the Port Augusta median recorded sale ($342,000, n=80, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Port Augusta's advertised median rent ($340/wk), implied gross yield would be 6.55% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$270,000

Asking · $344/m² of land

No recorded sale for this property.

Port Augusta at a glance

6,752

People

$342,000

Median sale

$340/wk

Median rent

5.17%

Suburb gross yield

Median sale from 80 recorded sales (last 12 months) — a Districts calculation.

See the full Port Augusta report →

Vs Port Augusta

-21.1%

Median sale

Suburb $342,000

+1.38 pp

Gross yield

Suburb 5.17%

Suburb median $342,000 from 80 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$270,000
Stamp Duty (South Australia)
$9,905
Transfer/Registration Fee
$2,663
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$286,268

$16,268 on top of the price (6.0% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Port Augusta's advertised median rent — not a rent for this listing.

Net yield
5.05%
Annual cashflow (pre-tax)
$-410
Interest cover (DSCR)
0.97
Annual rent
$17,680
Operating expenses
$4,050
Loan amount
$216,000
Annual interest
$14,040
Gross yield
6.55%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$270,000available20 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $340/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 6.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Port Augusta in one glance

Port Augusta at a glance

6,752

People

$342,000

Median sale

$340/wk

Median rent

5.17%

Suburb gross yield

Median sale from 80 recorded sales (last 12 months) — a Districts calculation.

See the full Port Augusta report →

Keep researching

  • Why Port Augusta? Read the area thesis →
  • What else is on the market in Port Augusta →
  • Other records on Forster St →

Listing material

Listed by Ray White Port Augusta

Secure your next investment today!

Situated just a short drive to a local primary school, the Central Oval sporting complex and TAFE campus, this is a great investment opportunity. Currently tenanted, with a fixed lease, this property receives a weekly income of $270 per week and a rent return of 4.8%.

Inside, a semi-open plan living layout maximises space and creates a light feel throughout. The generously sized lounge room flows through a large archway into the adjoining kitchen, enhancing the sense of openness. The kitchen is thoughtfully designed in an L-shape, with a pantry for additional storage space. Accommodating space for a dining table, the shared kitchen and dining room is perfect for casual dining and every day meals.

The property comprises four well sized bedrooms, with bedroom one complete with a split system air conditioner. The remainder of the property is serviced by a split system air conditioner in the lounge room. Tucked away from the main living areas, the bathroom is complete with both a bath and shower, while the toilet is separate. Adjacent the laundry contains a built-in linen cupboard for essential storage space.

Read the full description

Outside, the expansive yard remains a blank canvas, with a patio that extends off the back of the property. Additionally, a single car carport provides covered vehicle parking and direct access to the rear yard.

FOR THE INVESTOR

Fixed lease: 09/01/2026 - 08/01/2027

Current rent: $270 per week

Current rent return: 4.8%

Rent appraisal: $310 - $330 per week

Land: 785m2 (Approx.)

Year Built: 1950

Equivalent main area: 85m2 (Approx.)

Zoning: SN - Suburban Neighbourhood

Easements: NO

Water available: YES

Sewer available: YES

Council Rates: $2,095.29 Per annum (2026/27)

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy, and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.

If a land size is quoted it is an approximation only. You must make your own enquiries as to this figure's accuracy. We do not guarantee the accuracy of these measurements. All development enquiries and site requirements should be directed to the local govt. authority.

Listing description written by Charmaine Budd, Ray White Port Augusta — reproduced as published, not verified by Districts.

Property features

  • Toilets: 1
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.