Suburb Profile Report for Whyalla Stuart SA (5608)

Whyalla Stuart House: Median price $200,000, Annual capital growth -0.89%, Number of sales 21, Weekly median advertised rent $240

Whyalla Stuart Unit: Median price $70,000, Annual capital growth -6.45%, Number of sales 47, Weekly median advertised rent $135

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

At number 29th in the list of Australian suburbs ordered by increase in median house value over the last year, Whyalla Stuart, 5608 is in the top 10% with a property value increase of 37.93% recorded in median house prices.

Comparing Whyalla Stuart,5608 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.27% offered to property buyers. Sellers in Whyalla Stuart itself are offering an average vendor discount of -17.35% to real estate investors.

Whyalla Stuart is 33th on a list of best yielding suburbs for rents in SA with a 6.24% return

Whyalla Stuart is in the bottom 30% in SA when comparing median price capital growth over the last year. Whyalla Stuart gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.89%.

A -41.91% growth in median value for property investors in Whyalla Stuart,5608 puts this suburb at number 142th in terms of best performing suburbs in SA

Sellers are offering property buyers an average discount of -7.98% to buyers in Whyalla Stuart at the moment, which is less than average for the rest of SA.

A $135 per week rent on the median house gives suburb investors a gross yield of circa 10.03%, without taking into account capital value appreciation, which has been averaging out at -6.45%.

Information supplied by:


June 2018

M
O

W
E
A suburb that is part of the “Steel City,” Whyalla Stuart is nestled in the midst of an urban area that is known for steelworks and shipbuildingFull summary

Dwelling supply falls

Postcode: 5608

Median unit price: $72,000

Stock on market: -19.1%

12-month growth: -15.3%

A suburb that is part of the “Steel City,” Whyalla Stuart is nestled in the midst of an urban area that is known for steelworks and shipbuilding.

Dwelling supply fell sharply in the year leading up to March 2018, with unit stock on the market in particular slipping from 15 to 8. This is in line with the general decline experienced throughout Whyalla Stuart – apartment values slipped by 15.3% in this period for a median price of just over $70,000, failing to break the streak of negativity recorded in the past five years.

The rental yield is remarkably high at 9.4%, although the limited potential of this suburb hurts its chances with investors. Nonetheless, the many tourist spots in the vicinity still draw in visitors.

Close
Metrics i HOUSE UNIT
$200,000 $70,000
11.11% -5.08%
37.93% -7.89%
-0.89% -6.45%
$240 $135
21 47
6.24% 10.03%
164.15 71.25

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Whyalla Stuart SA
Demographics
Total population 7139
Median household income ($/weekly) 710
Median age of persons 37
Median housing loan repayment ($/monthly) 1083
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 956 13.4
    25-34 years 873 12.2
    35-44 years 900 12.6
    45-54 years 1007 14.1
    55-64 years 804 11.3
    Others 2599 36.4
    Age Group
    Census Count Percent(%)
    Not Married 2551 50.5
    Registered Married 1892 37.4
    Defacto Relationship 612 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5226 78.4
    Greece 49 0.7
    Philippines 85 1.3
    United Kingdom 894 13.4
    Other 127 1.9
    Others 289 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.3
    Christianity 3616 58.0
    Hinduism 7 0.1
    Other Religious Groups 34 0.5
    No Religion 2543 40.8
    Others 14 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 256 9.5
    $300-$399 392 14.5
    $400-$599 411 15.3
    $600-$799 305 11.3
    $1,500-$1,999 258 9.6
    Others 1073 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2510 47.3
    Employed, worked full-time 1493 28.1
    Employed, worked part-time 789 14.9
    Unemployed, looking for work 326 6.1
    Employed, away from work 187 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 258 10.4
    Technicians & trades workers 449 18.2
    Community & personal service workers 277 11.2
    Machinery operators & drivers 417 16.9
    Labourers 365 14.8
    Others 706 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 121 8.3
    Infants/Primary 648 44.4
    Secondary 386 26.4
    Technical or Further Educational Institution 200 13.7
    University or other Tertiary Institutions 81 5.5
    Others 25 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4359 65.8
    Semi-detached, row or terrace house, townhouse 2116 31.9
    Flat, unit or apartment 150 2.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1502 51.3
    Being purchased 837 28.6
    Fully owned 584 20.0
    Other tenure type 4 0.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals