3/40 Forster StreetPort Augusta SA 5700
Property Details for 3/40 Forster St, Port Augusta
3/40 Forster St, Port Augusta is a 6 bedroom, 3 bathroom Unit and was built in 1987. The property has a land size of 784m2.
Last Listing description (September 2025)
Set in a convenient location within walking distance to a primary school, medical centre, pharmacy, and a handy corner deli, this solid investment package comprises of three units on one title. Built circa 1987, the property offers immediate income with all 3 units currently occupied.
Currently returning a combined $585 per week, with a scheduled rent increase on 18/08/2025 taking the total weekly income to $660 p.w, this is an ideal opportunity for investors
Two of the units are attached, while the third enjoys the privacy of a standalone layout. Each unit features:
Open plan living, dining, and kitchen area
Two bedrooms
Combined bathroom and toilet
Practical laundry facilities
Split system or wall unit air-conditioning
Low-maintenance flooring throughout
Private rear yards
With its practical design, reliable tenancies, and rental return, this is a rare chance to secure a multi-income property.
An added bonus another identical set of units is available just metres away. Refer to the separate listing for details - Units 1,2 & 3/36 Forster Street Port Augusta.
Current tenancy details, rent and quarterly water contributions;
Unit 1/40 Forster Fixed lease: 10/05/2025 to 08/05/2026 | $225 per week - plus $100 water contribution per quarter
Unit 2/40 Forster Periodic lease | $150 per week (increasing to $225 from 18/08/2025) - plus $22.87 water contribution/share of supply per quarter
Unit 3/40 Forster Fixed lease: 13/06/2024 to 12/06/2025 | $210 per week - plus $100 water contribution per quarter
Video Link available upon request
Council Rates (2024/2025): $4,947.40 p.a (combined)
Property History for 3/40 Forster St, Port Augusta, SA 5700
- 08 Jul 2025Listed for Sale Under Offer
- 29 Apr 2016Listed for Rent $190 / week
- 14 Jan 2016Listed for Rent $190 / week
Recent sales nearby
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0About Port Augusta 5700
The size of Port Augusta is approximately 20.5 square kilometres. There are 47 parks, covering nearly 9.2% of the total area. The population of Port Augusta in 2016 was 6562 people. By 2021 the population was 6437 showing a population decline of 1.9% in the area during that time. The predominant age group in Port Augusta is 50-59 years. Households in Port Augusta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Port Augusta work in a community and personal service occupation.In 2021, 53.40% of the homes in Port Augusta were owner-occupied compared with 54.70% in 2016.
Port Augusta has 4,089 properties. Over the last 5 years, Houses in Port Augusta have seen a 120.53% increase in median value, while Units have seen a 100.50% increase. As at 31 May 2026:
- The median value for Houses in Port Augusta is $321,092 while the median value for Units is $250,200.
- Houses have a median rent of $360 while Units have a median rent of $280.
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