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%
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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.