West Lakes Shore

POSTAL CODE: SA, 5020

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 31.99% capital gain.

Property investors in WEST LAKES SHORE enjoyed capital gains of 4.42% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,275,000.

Profits due to an upward trend in home prices there averaged 10.66% per annum over a 3-year period.

Home owners selling their properties and realtors in WEST LAKES SHORE usually have to wait an average of 46.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $750 mark, reflecting a 3.06% increase in returns based on the current median price in WEST LAKES SHORE.

WEST LAKES SHORE, 5020 places th in Australia based on median property value growth during the quarter.

Property investors in WEST LAKES SHORE enjoyed capital gains of 1.49% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WEST LAKES SHORE are low, as opposed to average gains per annum over the past five years.

WEST LAKES SHORE posted a 24.74% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $560 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $560 mark, reflecting a 3.56% increase in returns based on the current median price in WEST LAKES SHORE.

WEST LAKES SHORE, 5020 ranks 120th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

WEST LAKES SHORE ranks 133rd on the list of best yielding suburbs for rental properties in SA, posting a 3.56% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,275,000	$818,000
Growth Report
Median Quarterly	0%	1.49%
Median 12 month	4.42%	1.49%
Median 3 years	31.99%	24.74%
Median 5 years	77.08%	64.42%
10 years average annual	8.56%	8.47%
Weekly media advert. rent	$750	$560
Time on Market	46.6 days	41.1 days
Gross Rental Yield Percent	3.06%	3.56%

Demographics (Median Values)*

Total Population 3112

Weekly Household Income 1498

Household Size 2.50

Average Age 48

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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