Wayville SA Property Investment

SUBURB INVESTMENT BRIEF — Wayville, SA 5034 LGA: Generated: 2026-04-11 | Estait AI Analysis

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EXECUTIVE SUMMARY

Overall Score: 58/100 — Hold

Wayville rates as "Hold" due to weak growth indicators, tight rental market (0.3% vacancy).

Wayville sits in a trough phase of the property cycle with an overall investment score of 58 out of 100. This assessment reflects the suburb's growth trajectory, rental market health, economic resilience, and infrastructure positioning within the SA market.

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MARKET POSITION

Median house price: $877,319 Median unit price: $471,471 Median weekly rent: $550/week Days on market: 65 days (worsening)

Wayville sits within the mid-market segment in the SA property landscape. Properties are spending an average of 65 days on market, pointing to softer demand conditions.

Comparable suburbs: - Adelaide CBD (SA): Median $948,000, yield 3.6%, 1yr growth 7.7% - Albert Park (SA): Median $880,000, yield 3.7%, 1yr growth 13.5% - Aldinga Beach (SA): Median $790,000, yield 4.0%, 1yr growth 8.2%

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RENTAL MARKET

Gross rental yield: 3.3% Net rental yield: 1.8% Vacancy rate: 0.3% (worsening) Rental demand: Very High

The rental market in Wayville is characterised by very high demand with a vacancy rate of 0.3%, which is well below the national average of approximately 2.5%. Vacancy is trending worsening, warranting careful monitoring.

Short-term rental data indicates a median nightly rate of $155 with an estimated occupancy of 64%. This translates to an estimated annual STR revenue of $36,208 before expenses. This represents a 27% premium over estimated long-term rental income of $28,600/year, though STR comes with higher management costs and regulatory risk.

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GROWTH OUTLOOK

Population growth (5yr): -0.1% Price CAGR (5yr): -2.4% Capital growth (3yr forecast): -2.7% Supply pipeline: Moderate

Development activity consistent with long-term averages

Infrastructure & transport: - No major infrastructure projects identified. Transport: Well-connected inner-city location

If Wayville maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $1,008,917 within 3 years with yields compressing slightly as capital values rise.

At current trajectory (-0.1% growth, 0.3% vacancy, 3.3% yield), Wayville offers steady returns with moderate capital appreciation in line with broader market trends.

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RISK ASSESSMENT

Market cycle position: Trough Vacancy risk: Low

Key risks: - Negative price growth suggests a softening market

Interest rate sensitivity (est. monthly repayment on median house price, 80% LVR): - At 7%: $4,669/month - At 8%: $5,150/month - At 9%: $5,647/month

A market correction or interest rate shock could see prices in Wayville pull back 10-15% from $877,319, with vacancy rising to 0.5% and rental yields softening as tenants gain leverage.

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LIVEABILITY

Affluence rating: Very High Safety score: 6.2/10 Walkability: 80/100 Owner-occupied: 37%

Schools: - Wayville Public School (primary): Rating 10.0/10 - Wayville East Public School (primary): Rating 9.5/10 - Wayville West Public School (primary): Rating 9.0/10 - Wayville High School (secondary): Rating 10.0/10

Wayville is a highly sought-after residential area with good safety ratings and strong walkability. The 37% owner-occupier rate indicates a predominantly rental market.

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RECOMMENDATION — HOLD

Wayville offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with low vacancy risk.

Conditions: Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

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KEY ACTION ITEMS

1. Shortlist properties in the $789,587 - 965,051 range for deeper analysis 2. Verify current vacancy and rental rates with local property managers 3. Assess STR regulatory environment with local council 4. Model cash flow at 7%+ interest rates before committing 5. Engage a buyer's agent with Wayville market expertise for off-market opportunities

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Disclaimer: This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.