If you compare the increase in value of investment property in Whyalla Stuart, 5608 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 15.38%.
Whyalla Stuart,5608 has offered an average of 15.38% return per annum in house price rises to property investors over the last three years.
Whyalla Stuart, 5608 is offering SA ‘s 23th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this SA.
Whyalla Stuart is 8th on a list of best yielding suburbs for rents in SA with a 7.63% return
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.