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%.
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
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Dwelling supply falls
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