Suburb Profile Report for Whyalla SA (5600)

Whyalla House: Median price $313,500, Annual capital growth 3.16%, Number of sales 57, Weekly median advertised rent $268

Whyalla Unit: Median price $150,000, Annual capital growth -42.39%, Number of sales 11, Weekly median advertised rent $200

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Whyalla have tracked lower than the SA average of 8.10% over the last 12 months.

The five-year average increase in median property values for Whyalla,5600 has given property investors a potential capital gain of 7.18% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Whyalla is offering property investors an average of -5.10. This rate of discount on properties puts Suburb at number 32th in terms of most discounted suburbs in SA

Often selling an investment property can take time, and in Whyalla the average time real estate has been on the market is 110.353 days.

Whyalla is 159th on a list of best yielding suburbs for rents in SA with a 4.44% return

Whyalla, 5600’s gross rental yield is 6.93%

Information supplied by:


January 2019

M
O

W
E

Housing supply takes a sharp dip

Postcode: 5600

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.

Metrics i HOUSE UNIT
$313,500 $150,000
-3.54% -38.78%
0.80% N/A
3.16% -42.39%
$268 $200
57 11
4.44% 6.93%
110.352941176471 N/A

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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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
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 534 37.4
    Fully owned 448 31.4
    Rented 434 30.4
    Other tenure type 10 0.7
    Tenure Type
Census 2011, ABS
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