Suburb Profile Report for Whyalla SA (5600)

Whyalla House: Median price $292,500, Annual capital growth 3.89%, Number of sales 38, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Expert Report

Giving property investors a a poor capital gain of -10.00% for the last year, Whyalla, 5600 is the 3799th highest performer in Australia in this respect.

A 0.86% growth in median value for property investors in Whyalla,5600 puts this suburb at number 302th in terms of best performing suburbs in SA

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.54% offered to property buyers. Sellers in Whyalla itself are offering an average vendor discount of -18.22% to real estate investors.

YIP MAG Information supplied by:

YIP MAG
June 2016

M
O

W
E
Market performance in Whyalla is another reminder of the dangers that can come with investing in areas reliant on one industry or employer.Full summary Market performance in Whyalla is another reminder of the dangers that can come with investing in areas reliant on one industry or employer.

The collapse of the steel manufacturing industry that has supported the town has had a knock-on effect on Whyalla’s market, just like the end of the mining boom has had on areas across WA, Queensland and the NT.

The median house price in Whyalla is already a very affordable $280,000 and is likely to become more so, with house prices having fallen by 14% in the past 12 months.

While the current rental yield of 6% in Whyalla may seem respectable, it’s unlikely to remain at that mark for long as the town’s vacancy rate begins to soar.

According to Real Estate Investar, the vacancy rate in Whyalla currently sits at 6.99%, having increased from 5.22% compared to the same time 12 months ago.Close
HOUSE UNIT
$292,500 N/A
-0.85% N/A
-10.00% N/A
3.89% N/A
$280 N/A
38 N/A
4.98% N/A
221.4 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
Find a mortgage broker in Whyalla SA
Demographics
Total population 3732
Median household income ($/weekly) 1324
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 482 12.9
    25-34 years 353 9.5
    35-44 years 608 16.3
    45-54 years 588 15.8
    55-64 years 458 12.3
    Others 1243 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 1335 50.2
    Not Married 1037 39.0
    Defacto Relationship 287 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2766 78.5
    Greece 34 1.0
    South Africa 60 1.7
    United Kingdom 410 11.6
    Other 75 2.1
    Others 180 5.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 16 0.5
    Christianity 2173 65.4
    Hinduism 14 0.4
    Other Religious Groups 14 0.4
    No Religion 1096 33.0
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 122 9.3
    $600-$799 128 9.7
    $1,500-$1,999 165 12.6
    $2,000-$2,499 115 8.8
    $2,500-$2,999 134 10.2
    Others 650 49.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1196 41.7
    Not in the labour force 978 34.1
    Employed, worked part-time 502 17.5
    Employed, away from work 114 4.0
    Unemployed, looking for work 78 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 220 12.1
    Professionals 381 21.0
    Technicians & trades workers 333 18.4
    Clerical & administrative workers 206 11.4
    Machinery operators & drivers 204 11.3
    Others 468 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 40 4.9
    Infants/Primary 353 43.5
    Secondary 245 30.2
    Technical or Further Educational Institution 87 10.7
    University or other Tertiary Institutions 74 9.1
    Others 13 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2778 82.4
    Semi-detached, row or terrace house, townhouse 421 12.5
    Flat, unit or apartment 144 4.3
    Caravan, cabin, houseboat 23 0.7
    House or flat attached to a shop, office 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 534 37.4
    Fully owned 448 31.4
    Rented 434 30.4
    Other tenure type 10 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals