Over the last year, property investments in Whyalla Stuart, 5608 have given investors a capital gain of 7.65%. This compares favourably with the 1.50% for SA as a whole.
Taking the average capital gain, or increase in median house value, Whyalla Stuart,5608 has racked up an average of 7.65% over the period. This ranks it number 4191th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Whyalla Stuart is $91500, with sellers offering an average of -8.16% off the asking price.
Residents and property investors in Whyalla Stuart have been waiting around 96.67 days to sell a property.
Whyalla Stuart, 5608’s gross rental yield is 9.09%
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.