Suburb Profile Report for Whyalla Norrie SA (5608)

Whyalla Norrie House: Median price $230,000, Annual capital growth 2.22%, Number of sales 23, Weekly median advertised rent $220

Whyalla Norrie Unit: Median price $85,000, Annual capital growth -1.03%, Number of sales 22, Weekly median advertised rent $155

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$230,000 $85,000
-2.13% -0.87%
15.00% -37.04%
2.22% -1.03%
$220 $155
23 22
4.97% 9.48%
N/A 107.1

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 6712
Median household income ($/weekly) 870
Median age of persons 36
Median housing loan repayment ($/monthly) 1083
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 912 13.6
    25-34 years 852 12.7
    35-44 years 931 13.9
    45-54 years 925 13.8
    55-64 years 677 10.1
    Others 2416 36.0
    Age Group
    Census Count Percent(%)
    Not Married 2209 46.5
    Registered Married 1923 40.4
    Defacto Relationship 623 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5033 79.7
    Greece 55 0.9
    Philippines 81 1.3
    United Kingdom 685 10.9
    Other 100 1.6
    Others 359 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 0.7
    Christianity 3342 57.2
    Hinduism 49 0.8
    Other Religious Groups 26 0.4
    No Religion 2369 40.5
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 259 10.4
    $400-$599 364 14.6
    $600-$799 288 11.6
    $800-$999 213 8.6
    $1,500-$1,999 314 12.6
    Others 1048 42.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2012 40.5
    Employed, worked full-time 1639 33.0
    Employed, worked part-time 799 16.1
    Unemployed, looking for work 287 5.8
    Employed, away from work 225 4.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 333 12.5
    Technicians & trades workers 526 19.8
    Community & personal service workers 264 9.9
    Machinery operators & drivers 448 16.8
    Labourers 395 14.9
    Others 693 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 99 7.1
    Infants/Primary 627 45.1
    Secondary 369 26.6
    Technical or Further Educational Institution 175 12.6
    University or other Tertiary Institutions 94 6.8
    Others 25 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3527 56.5
    Semi-detached, row or terrace house, townhouse 2591 41.5
    Flat, unit or apartment 118 1.9
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1124 42.0
    Being purchased 963 36.0
    Fully owned 583 21.8
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals