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Solomontown

POSTAL CODE: SA, 5540
HOUSE

Property investors have seen a -5% drop in SOLOMONTOWN based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on SOLOMONTOWN, 5540 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 26.53%.

Based on its average 5-year and quarterly capital gains SOLOMONTOWN, 5540 saw average growth in the long term.

The SA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $285,000

Profits averaged 25% per annum over a 3-year period, due to an upward trend in home prices in SOLOMONTOWN, 5540.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

The gross rental yield in SOLOMONTOWN, 5540 is 7.3%.

An average of 3.75 real estate transactions take place per month in SOLOMONTOWN which translates to 45 per annum.

Surburb overview

Solomontown, located approximately 220 kilometres north of Adelaide, is a historic suburb of Port Pirie in South Australia. Nestled between the Spencer Gulf and the main township of Port Pirie, Solomontown has a population of around 2,000 residents and offers a peaceful, semi-urban lifestyle with access to essential services and recreational opportunities. The suburb attracts a diverse demographic, including families, professionals, and retirees, who appreciate its proximity to the town’s amenities and the waterfront.

Public transportation in Solomontown is primarily provided by local bus services that connect the suburb to the wider Port Pirie region and nearby towns. However, most residents rely on private vehicles due to the well-connected road infrastructure. Major roads such as the Princes Highway offer easy access to the surrounding areas and Adelaide.

Solomontown benefits from its close proximity to Port Pirie’s central business district, where residents can access a variety of essential services. The nearby shopping precincts in Port Pirie provide supermarkets, retail stores, cafes, and restaurants, while healthcare needs are met by the Port Pirie Regional Health Service, which offers a hospital and other medical facilities. Local schools, such as Solomontown Primary School and St Mark’s College, cater to the educational needs of families in the area.

Recreational opportunities in Solomontown are abundant, with its coastal location offering easy access to the waterfront. Solomontown Beach is a popular spot for swimming, fishing, and picnicking, with a jetty that extends into the Spencer Gulf. The foreshore is equipped with parks, playgrounds, and barbecue areas, making it ideal for family outings. Additionally, Solomontown’s sporting facilities, such as Solomontown Oval, provide venues for local sporting events and community activities. The nearby Port Pirie Regional Tourism and Arts Centre showcases the area’s rich industrial history and cultural heritage, adding to the appeal of the region.

With its blend of historic charm, access to essential services, and a relaxed coastal lifestyle, Solomontown is a desirable location for residents seeking a balance between town and waterfront living. Its proximity to Port Pirie’s amenities and recreational facilities makes it an appealing suburb in the region.

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