Whyalla, 5600 ranked 378th in SA when comparing growth in median property values or capital gain over the last 12 months. Whyalla is one of 853 in our list for SA
If we look at median property appreciation over just the last three months, Whyalla has given property investors a paper return of 7.24%. This puts Suburb as 128 on a list of fastest fasting appreciating suburbs in SA
The most recent median price for Whyalla is $315000, with sellers offering an average of -3.76% off the asking price.
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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.