Whyalla’s real estate market is experiencing a surge in activity as large-scale renewable energy projects commence in the region. Recent data from CoreLogic reveals that the number of homes being auctioned in the city has doubled, eclipsing the turnover rates of neighboring towns such as Port Lincoln, Port Pirie, and Port Augusta.Whyalla’s real estate market is experiencing a surge in activity as large-scale renewable energy projects commence in the region. Recent data from CoreLogic reveals that the number of homes being auctioned in the city has doubled, eclipsing the turnover rates of neighboring towns such as Port Lincoln, Port Pirie, and Port Augusta. Despite this increased market activity, property values in Whyalla have not kept pace with those in nearby regions. Port Lincoln has witnessed a 15.5% increase in the past year, while Port Pirie has experienced a 10.9% growth. However, Whyalla’s property market has slowed towards the end of the fiscal year, mirroring the broader trend in regional South Australia. Despite the slowdown, property values in Whyalla remain approximately 12% higher than they were in June 2023, indicating a sustained appreciation in the market over the long term.
The number of homes going under the hammer in Whyalla has steadily increased as major projects in the renewable energy sector get underway.
Data from CoreLogic shows Whyalla’s turnover has doubled compared to Port Lincoln, Port Pirie and Port Augusta.
Despite the increased activity, property values in the city have not risen as fast as those in Port Lincoln, which rose 15.5 per cent over the past 12 months, and Port Pirie, which rose 10.9 per cent.
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Growth in regional South Africa slowed across the board at the end of the financial year, but prices are still almost 12 percent above those of June 2023.
