Suburb Profile Report for Whyalla SA (5600)

Whyalla House: Median price $220,000, Annual capital growth -2.48%, Number of sales 50, Weekly median advertised rent $280

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report
Expert Report

SA has seen average median house prices change by 2.50% which means that Whyalla, 5600 has done well for property investors by showing a capital gain of 11.39% over the last year

The five-year average increase in median property values for Whyalla,5600 has given property investors a potential capital gain of -28.46% across each of those five years.

Whyalla, 5600 is offering SA ‘s 40th 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.

Information supplied by:

YIP MAG
June 2016

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Market performance in Whyalla is another reminder of the dangers that can come with investing in areas reliant on one industry or employer.Full summary Market performance in Whyalla is another reminder of the dangers that can come with investing in areas reliant on one industry or employer.

The collapse of the steel manufacturing industry that has supported the town has had a knock-on effect on Whyalla’s market, just like the end of the mining boom has had on areas across WA, Queensland and the NT.

The median house price in Whyalla is already a very affordable $280,000 and is likely to become more so, with house prices having fallen by 14% in the past 12 months.

While the current rental yield of 6% in Whyalla may seem respectable, it’s unlikely to remain at that mark for long as the town’s vacancy rate begins to soar.

According to Real Estate Investar, the vacancy rate in Whyalla currently sits at 6.99%, having increased from 5.22% compared to the same time 12 months ago.Close

Metrics	HOUSE	UNIT
Median price	$220,000	N/A
Quarterly growth	6.15%	N/A
12-month growth	11.39%	N/A
Average Annual Growth	-2.48%	N/A
Weekly median advertised rent	$280	N/A
Number of sales	50	N/A
Gross rental yield	6.62%	N/A
Days on market	91.43	N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)

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Demographics

Total population	3732
Median household income ($/weekly)	1324
Median age of persons	41
Median housing loan repayment ($/monthly)	1517
Average household size	2.3

Census	Count	Percent(%)
5-14 years	482	12.9
25-34 years	353	9.5
35-44 years	608	16.3
45-54 years	588	15.8
55-64 years	458	12.3
Others	1243	33.3

Age Group

Census	Count	Percent(%)
Registered Married	1335	50.2
Not Married	1037	39.0
Defacto Relationship	287	10.8

Social Marital Status

Census	Count	Percent(%)
Australia	2766	78.5
Greece	34	1.0
South Africa	60	1.7
United Kingdom	410	11.6
Other	75	2.1
Others	180	5.1

Country of Birth

Census	Count	Percent(%)
Buddhism	16	0.5
Christianity	2173	65.4
Hinduism	14	0.4
Other Religious Groups	14	0.4
No Religion	1096	33.0
Others	8	0.2

Religious Affiliation

Census	Count	Percent(%)
$300-$399	122	9.3
$600-$799	128	9.7
$1,500-$1,999	165	12.6
$2,000-$2,499	115	8.8
$2,500-$2,999	134	10.2
Others	650	49.5

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1196	41.7
Not in the labour force	978	34.1
Employed, worked part-time	502	17.5
Employed, away from work	114	4.0
Unemployed, looking for work	78	2.7

Person Characteristics

Census	Count	Percent(%)
Managers	220	12.1
Professionals	381	21.0
Technicians & trades workers	333	18.4
Clerical & administrative workers	206	11.4
Machinery operators & drivers	204	11.3
Others	468	25.8

Occupation

Census	Count	Percent(%)
Pre-school	40	4.9
Infants/Primary	353	43.5
Secondary	245	30.2
Technical or Further Educational Institution	87	10.7
University or other Tertiary Institutions	74	9.1
Others	13	1.6

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2778	82.4
Semi-detached, row or terrace house, townhouse	421	12.5
Flat, unit or apartment	144	4.3
Caravan, cabin, houseboat	23	0.7
House or flat attached to a shop, office	6	0.2
Others	0	0.0