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Whyalla, SA 5600

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, SA 5600 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, SA 5600”

  1. The total adult population (15 years or older) of Whyalla 5600 SA is 3,049, with a median age of 46. Of those, 47.56% are married, 12.53% are divorced or separated, 33.58% are single and 6.13% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $9,228. The median monthly mortgage repayment for households in this suburb is $1,300 which is 14.09% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Whyalla, postcode 5600, located in South Australia, is a community built on 2,212 households. As we step into the third quarter of 2023, the typical property prices for residential homes in this region stand at $352,349 on average. The weekly rent here trends around $287, giving investors an indicative yield of 4.24% – a figure that is above the benchmark for a market attractive to property investors interested in steady cash-flow.

    Whyalla boasts an IRSAD score of 967 out of 1217. This score indicates the area’s average socio-economic conditions, suggesting that residents may have ample access to economic resources. This factor is indeed a crucial consideration for property investors interested in the stable performance of their assets.

    The rental market in Whyalla presents a unique rental-to-owner ratio of 28%, representing a market that is far from oversaturation from rentals. This indication reinforces a favourable environment for property investors, as the likelihood of competition is relatively lower and potential for returns relatively higher. Furthermore, Whyalla reflects a market that is not oversaturated with units. The unit-to-house ratio in the area stands at a mere 9%, emphasising the prevalence of longer tenancy periods and maintaining higher rental yields.

    Whyalla also understands affordability—its Affordability Index for homes sits at a desirable 15 years. In comparison to the 30-year estimate found in most suburbs, the figure is a strong illustration of high affordability. The stock on the market percentage for homes in Whyalla is 0.11%, and the inventory level is at 0.35 months. Both these figures show a significant low supply trend, another favoured characteristic for property investors.

    However, investors should be aware of the building approvals Ratio, as well at 0.22%, which is a sign of the low supply. The suburb also presents a lengthier ‘Days on Market’ indicator, with properties residing active on the market for an average of 124 days—this indicates a slower-paced market in terms of demand.

    Despite this, the vacancy rate in Whyalla stands at a low 0.79%, indicating a high demand scenario with limited supply. This high demand is also reflected in the buy search index rating of 4 for homes, suggesting a neutral level of buying interest.

    In conclusion, Whyalla, with its favourable affordability and low supply to demand ratios, presents a promising terrain for property investors. Although the pace might seem slower as demonstrated by the ‘Days on Market’, the suburb’s indicative yield and socio-economic conditions present compelling opportunities for property investors, particularly those focused on realising consistent return on investment. Remember, it’s essential to keep abreast with the ongoing market developments and use comprehensive tools like the RCS (Relative Composite Score) by HtAG Analytics for informed decision-making in property investment.

    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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