Investment property in Whyalla Stuart has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -15.79%
If we look at median property appreciation over just the last three months, Whyalla Stuart has given property investors a paper return of 0.00%. This puts Suburb as 238 on a list of fastest fasting appreciating suburbs in SA
Sellers are offering property buyers an average discount of -9.44% to buyers in Whyalla Stuart at the moment, which is less than average for the rest of SA.
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Information supplied by:
June 2018
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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 shipbuildingFull summary
Dwelling supply falls
Postcode: 5608
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.
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