SA has seen average median house prices change by 10.08% which means that Whyalla, 5600 has done well for property investors by showing a capital gain of 6.61% over the last year
Comparing Whyalla,5600 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Whyalla, 5600. Typically our figures indicate that -7.84% is being offered, which puts this SA suburb at 153th most discounted overall in Australia.
Residents and property investors in Whyalla have been waiting around 109.594 days to sell a property.
Whyalla, 5600’s gross rental yield is 4.35%
Whyalla is 3rd on a list of best yielding suburbs for rents in SA with a 8.02% 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.