Whyalla is in the TOP 10% in SA when comparing median price capital growth over the last year. Whyalla gave property investors a very good capital gain figure when compared to the rest of the state, with 16.98%.
Whyalla,5600 has offered an average of 16.98% return per annum in house price rises to property investors over the last three years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Whyalla itself are offering an average vendor discount of -7.01% to real estate investors.
Residents and property investors in Whyalla have been waiting around 84.7188 days to sell a property.
Property investors should expect to get $250 weekly from the median priced house in this suburb.
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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.