With a capital gain of 24.14% for the last 12 months, Whyalla Stuart, 5608 has performed for property investments than its average annual -2.33% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Whyalla Stuart has given property investors a paper return of 13.39%. This puts Suburb as 12 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Whyalla Stuart should be aiming for at least -17.61% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $12480 per annum or $240 every week.
Property value increases in Whyalla Stuart have tracked just lower than the SA average of 2.33% over the last 12 months.
If we look at median property appreciation over just the last three months, Whyalla Stuart has given property investors a paper return of 3.15%. This puts Suburb as 45 on a list of fastest fasting appreciating suburbs in SA
LACK OF BUYER INTEREST may well be the reason that Whyalla Stuart is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 2nd in terms of most discounted suburbs in SA
Whyalla Stuart is 4th on a list of best yielding suburbs for rents in SA with a 9.52% return
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
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.Close