Whyalla has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -12.28% to date .
Whyalla,5600 has offered an average of -12.28% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Whyalla is offering property investors an average of -6.50. This rate of discount on properties puts Suburb at number 4th in terms of most discounted suburbs in SA
At number 3661 in a list of fastest selling suburbs, Whyalla is in the bottom 10% of suburbs in Australia with an average of days on market 150.6 for properties listed there.
Advertised rents are around the $250 mark per week – giving a return of 5.20% based on the median price in Suburb
Property value increases in Whyalla have tracked close to the SA average of 4.05% over the last 12 months.
A $170 per week rent on the median house gives suburb investors a gross yield of circa 5.89%, without taking into account capital value appreciation, which has been averaging out at 3.63%.