If you compare the increase in value of investment property in Whyalla Norrie, 5608 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 15.00%.
Over the longer term, Whyalla Norrie has seen property prices show investors a -11.54% return over the last 3 years. This is an improvement over the last 12 months
With the median price for a house in Whyalla Norrie being $230000 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 4.97%
Over the last year, property investments in Whyalla Norrie, 5608 have given investors a capital gain of -37.04%. This compares very badly with the 3.97% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Whyalla Norrie has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Whyalla Norrie should be aiming for at least -18.05% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1210 in a list of fastest selling suburbs, Whyalla Norrie is in the bottom 20% of suburbs in Australia with an average of days on market 107.1 for properties listed there.
Renters in Suburb are facing rents around $1860 per annum or $155 every week.