Property buyers and investors in Whyalla Stuart 5608 should be seeing an average reduction in asking price of around -12.13% . This means that Whyalla Stuart is holding prices well when compared to other suburbs in SA.
Situated 233.41km from the CBD, Whyalla Stuart is one of Whyalla (C) localities in the postcode 5608.
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.