Whyalla's real estate resurgence

Favourable real estate data news about Whyalla has been welcomed by Mayor Clare McLaughlin.

Recently-published statistics shows Whyalla had the third highest growth in median sale price in South Australia last year.

Ms McLaughlin said this positive news on the real estate front showed Whyalla's transformation, since the sale of the steelworks and associated mines to GFG Alliance, was on track and having a positive effect on the city's economy and community development.

"Real estate is always a good indication of economic growth and prosperity," Ms McLaughlin said.

"Council's work on transforming the city and the transformation of the steelworks by GFG Alliance is starting to show real results for Whyalla and our community.

"The rise in real estate prices shows home owners and investors have confidence in Whyalla and the direction we are heading.

"People are noticing big projects like our new jetty, the redevelopment of Bennett Oval for this year's AFL pre-season match, the new high school being built and many other projects already started or on the drawing board for Whyalla.

"It is heartening to see the benefits of this transformation work like increased house values, investor interest, industry growth, new jobs and a positive vibe in the city.

"We are truly on track to make Whyalla an even greater city."

It comes on the back of news that GFG Alliance Chairman Sanjeev Gupta is ready to pull the trigger on $1 US billion of investment in the region with the construction of the 280MW Cultana Solar Farm in the first quarter of 2020.