Giving property investors a an average capital gain of 4.23% for the last year, Whyalla, 5600 is the 2021th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Whyalla,5600 has racked up an average of 4.23% over the period. This ranks it number 114th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Whyalla 5600 should be seeing an average reduction in asking price of around -7.46% . This means that Whyalla is holding prices well when compared to other 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 73.303 days.
Renters in Suburb are facing rents around $14040 per annum or $270 every week.
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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.