If you compare the increase in value of investment property in Whyalla Stuart, 5608 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 32.35%.
Comparing Whyalla Stuart,5608 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
The most recent median price for Whyalla Stuart is $112500, with sellers offering an average of -11.05% off the asking price.
Whyalla Stuart, 5608’s gross rental yield is 7.86%
Information supplied by:
Dwelling supply falls
Median unit price: $72,000
Stock on market: -19.1%
12-month growth: -15.3%
A suburb that is part of the “Steel City,” Whyalla Stuart is nestled in the midst of an urban area that is known for steelworks and shipbuilding.
Dwelling supply fell sharply in the year leading up to March 2018, with unit stock on the market in particular slipping from 15 to 8. This is in line with the general decline experienced throughout Whyalla Stuart – apartment values slipped by 15.3% in this period for a median price of just over $70,000, failing to break the streak of negativity recorded in the past five years.
The rental yield is remarkably high at 9.4%, although the limited potential of this suburb hurts its chances with investors. Nonetheless, the many tourist spots in the vicinity still draw in visitors.