WHYALLA NORRIE, 5608 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $146,000.
Profits due to an downward trend in home prices in the suburb averaged -12.91% per annum over a 3-year period.
WHYALLA NORRIE now ranks at the 41st 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 $220 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 156.9 days.
In 2016, 21 properties were sold in WHYALLA NORRIE during the past year, making it the 316th most active market in SA based on total real estate transactions.
WHYALLA NORRIE, 5608 has a capital gain of -19% for the past year, which is lower than average compared to its -44.9% growth within a five-year period.
With the median home price in WHYALLA NORRIE sitting at $81,000, and the average rent at $150, property owners could potentially earn a 9.63% increase in gross rental yield.
Property investors have seen a -3.57% drop in WHYALLA NORRIE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that WHYALLA NORRIE, 5608 obtained a -3.95% decrease over a ten-year period. It ranks 1643rd on our list of suburbs that property investors should look into.