With a capital gain of 27.27% for the last 12 months, Whyalla, 5600 has performed for property investments than its average annual 1.26% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Whyalla,5600 has racked up an average of 27.27% over the period. This ranks it number 3325th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.97% to buyers in Whyalla at the moment, which is less than average for the rest of SA.
Residents and property investors in Whyalla have been waiting around 133.269 days to sell a property.
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.