With a capital gain of 22.73% for the last 12 months, Whyalla, 5600 has performed for property investments than its average annual 1.18% property growth over the last 5 years.
Over the longer term, Whyalla has seen property prices show investors a -8.47% return over the last 3 years. This is an improvement over the last 12 months
Whyalla, 5600 is offering SA ‘s 18th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this SA.
With the median price for a house in Whyalla being $270000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 5.30%
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Housing supply takes a sharp dip
Median house price: $250,000
Stock on market: -29.6%
12-month growth: 19.8%
With a population of around 3,500 people, the suburb of Whyalla is part of the larger town of Whyalla, a dynamic community located almost 400km from Adelaide, on the east coast of the Eyre Peninsula.
Whyalla is an industrial and farming town set on a major shipping port and the town offers a number of facilities, including half a dozen primary schools, four high schools, a TAFE and a campus for the University of South Australia.
From an investment perspective, the main thing going for this town is its affordability. Boasting low house and unit prices and high yields, the numbers are attractive to potential landlords. However, those considering this market should keep in mind the potential for vacancy rates to chew through their rental income; vacancies can creep up in regional towns and cities, making them slightly riskier than their capital city counterparts.