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Whyalla Norrie, SA 5608

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Whyalla Norrie, SA 5608 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Whyalla Norrie, SA 5608”

  1. The total adult population (15 years or older) of Whyalla Norrie 5608 SA is 5,113, with a median age of 39. Of those, 35.62% are married, 14.63% are divorced or separated, 42.62% are single and 7.06% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,776. The median monthly mortgage repayment for households in this suburb is $953 which is 16.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Whyalla Norrie, postcode 5608, is a thriving suburb in South Australia, housing an estimated total of 3,767 households. As we delve into the third quarter of 2023, an analysis of property market statistics reveals some promising signs for potential investors in this region.

    As of this quarter, the typical price for houses in Whyalla Norrie leans towards the more affordable range, averaging at $241,625. Alongside this, properties are frequently let for a median weekly rent of $283. This pairing culminates in an appealing indicative yield of 6.09%, which may be attractive to investors focusing on cashflow than capital growth.

    When evaluating the suburb’s fundamental metrics, the IRSAD score for Whyalla Norrie sits at a moderate 832 out of 1217, suggesting a relative socio-economic strength within the community. The renter to owner ratio presents a balanced 44%, leaning towards a slightly higher concentration of renters. Investors should note, however, that markets with lower ratios often yield lower long-term returns due to the high competition among landlords.

    Pleasingly, Whyalla Norrie demonstrates a favourable units to houses ratio of just 1%, indicating a prevalence of houses over units. This ratio may contribute to consistent rental demand as it usually attracts long-term tenants who are predominantly families. Such a low ratio can also guard against oversupply risks which are common in unit-dominated markets.

    The affordability index in this suburb is incredibly favourable, estimated at just 16 years. This figure suggests it takes a median income family approx. 16 years to completely own a home. This time-frame is considerably lower than the standard 30-year mortgage period, potentially making Whyalla Norrie a highly feasible market for prospective homeowners.

    Considering supply metrics, both stock on market Percentage and inventory Level indicate favourable conditions. With a stock on market percentage of 0.34% and inventory Level for houses at 1.14 months, it accentuates a low supply situation—often characterised by more buyers than available houses for sale. Undersupply can lead to price growth over time.

    Furthermore, the building approvals Ratio registers at a low 0.09%, again, highlighting limited new supply entering the market, which can be favourable for existing house price appreciation.

    The Demand aspect shows a moderate average days on market for houses at 46 days and a low vacancy rate at 0.97%, showing signs of a stable and high demand amongst renters.

    Buy Search Index, closing at 3, may indicate a somewhat limited buyer interest at this point, but when combined with the favourable figures from the other metrics, Whyalla Norrie 5608 still appears to be a promising suburb for property investment. Remember, it’s essential to consider trends along with current metrics.

    Overall, suburb’s market statistics in Q3 2023 makes Whyalla Norrie an enticing prospect within the Australian property market. As always, due diligence backed by data analytics, such as the RCS (Relative Composite Score) from HtAG Analytics, is crucial for success in property investments.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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