SA has seen average median house prices change by 1.39% which means that Whyalla, 5600 has done well for property investors by showing a capital gain of 27.16% over the last year
While Whyalla,5600 ranked number 25th in SA for increase in median house value (annualised) increase, it is ranked 436th over the last 5 years.
The most recent median price for Whyalla is $257500, with sellers offering an average of -11.09% off the asking price.
Whyalla is 115th on a list of best yielding suburbs for rents in SA with a 5.25% return
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January 2019
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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 PeninsulaFull summary
Housing supply takes a sharp dip
Postcode: 5600
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.
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