Located in South Australia within the Whyalla local government area, Whyalla is a smaller residential area (postcode 5600). It is home to about 3,609 residents, with an older-leaning population and a median age of 46. Households earn a median income of $86K per year, with an average household size of 2.2 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.7% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, machinery operators & drivers. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Scottish.
Units have a median price of $180,000 (+12.1% YoY). The current median weekly rent is $330. This gives a gross rental yield of approximately 9.5%. The median monthly mortgage repayment is $1,300.
Whyalla is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 962, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Whyalla LGA is moderate at 6,983 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 9.5% (high yield). Property prices sit below the state median ($180K/$950K), which can point to relative value. The price-to-income ratio of 2.1x is considered affordable. House prices have moved +12.1% year-on-year. Population growth of -0.7% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.