With a $593 million hydrogen plant on the way, sales activity in Whyalla's housing market is on average double compared to its regional neighbours.
Sales activity has doubled in Whyalla compared to Port Lincoln, Port Augusta and Port Pirie, according to data from CoreLogic.The number of houses going under the hammer in the regional city of Whyalla has been steadily outpacing its neighbours.
However, the spike in sales activity is still below the peak seen before interest rates rose in April 2022, Mr Lawless said. Despite the high volume of sales, demand for property is still high, with dwellings spending an average of 32 days on the market "against the long-run average of 87".Ms Griffin said roughly 70 per cent of their buyers were investors, half of whom were buying properties sight unseen.
"Whilst there has been some uncertainty with some of the mining and steel works , I think there's enough confidence of long-term employment prospects, that it's not going to have an impact on the real estate market." Within a couple of days of listing the property, her agent received more than 30 enquiries and multiple offers.
"So I certainly think that that's the reason why there's so much interest and I don't see that slowing down any time soon."Property prices increased again in May. Here's what the housing market looks like where you liveParents failing to submit tax returns are skewing child support paymentsIt was the best chance Vikki and Chris had in years to get pregnant.
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