Whyalla Norrie is in the TOP 10% in SA when comparing median price capital growth over the last year. Whyalla Norrie gave property investors a very good capital gain figure when compared to the rest of the state, with 25.97%.
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 increased when compared to the 5 year average annual rate.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 4.72%, without taking into account capital value appreciation, which has been averaging out at 4.69%.
If you compare the increase in value of investment property in Whyalla Norrie, 5608 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -36.39%.
Whyalla Norrie,5608 has offered an average of -36.39% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Whyalla Norrie, 5608. Typically our figures indicate that -15.38% is being offered, which puts this SA suburb at 10th most discounted overall in Australia.
Whyalla Norrie is 3rd on a list of best yielding suburbs for rents in SA with a 8.96% return