Over the last year, property investments in Whyalla Stuart, 5608 have given investors a capital gain of 20.59%. This compares very favourably with the 2.98% for SA as a whole.
A -26.79% growth in median value for property investors in Whyalla Stuart,5608 puts this suburb at number 356th in terms of best performing suburbs in SA
Vendor discounting in Whyalla Stuart is giving property investors an average Vendor Discount of around -8.84%. This puts suburb at number 44th in SA when ranking the most discounted suburbs.
Whyalla Stuart, 5608’s gross rental yield is 8.32%
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.