Whyalla Norrie

Suburb Profile

Whyalla Norrie - FREE SUBURB PROFILE REPORT

POSTAL CODE: SA,5608

house

WHYALLA NORRIE, 5608 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling WHYALLA NORRIE, 5608 values up and netting property investors a capital gain of 22.5% for the past year.

Investors saw the median home price rise to $122,500.

Profits due to an downward trend in home prices in the suburb averaged -11.26% per annum over a 3-year period.

WHYALLA NORRIE now ranks at the 349th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WHYALLA NORRIE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $180 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WHYALLA NORRIE, homes and units usually stay on listing for an average of 99.0 days.

In 2016, 57 properties were sold in WHYALLA NORRIE during the past year, making it the 99th most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT	HOUSE	UNIT
Median Price	$122,500	N/A
GROWTH REPORT
Median Quarterly	-3.92%	N/A
Median 12 month	22.5%	N/A
Median 3 years	-33.78%	N/A
Median 5 years	-34.67%	N/A
10 years average annual	-2.13%	N/A
Weekly media advert. rent	$180	N/A
Time on Market	99.0 days	N/A
Gross Rental Yield Percent	7.64%	N/A