Property value increases in Whyalla have tracked higher than the SA average of 2.25% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Whyalla has fallen somewhat when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -11.13% to buyers in Whyalla at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Whyalla is 92th on a list of best yielding suburbs for rents in SA with a 5.42% return
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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.