Over the last year, property investments in Whyalla, 5600 have given investors a capital gain of 17.73%. This compares very favourably with the 1.71% for SA as a whole.
Over the longer term, Whyalla has seen property prices show investors a -7.50% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Whyalla is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 61th in terms of most discounted suburbs in SA
Property investors should expect to get $265 weekly from the median priced house in this suburb.
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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.