AREA REPORTS

West Lakes

Suburb Profile

West Lakes - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5021

house
unit

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

This number can mean, real estate investors could earn a rental income of $490 based on current median home prices for the suburb.

On average, rents on listings have reached the $490 mark, reflecting a 3.51% increase in returns based on the current median price in WEST LAKES.

WEST LAKES, 5021 ranks th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 304th on the list of best yielding suburbs for rental properties in SA, posting a 3.51% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $725,000 $460,000
GROWTH REPORT
Median Quarterly 2.4% 3.95%
Median 12 month 0% 9%
Median 3 years 2.84% 8.88%
Median 5 years 16.56% 12.75%
10 years average annual 1.96% 3.73%
Weekly media advert. rent $490 $330
Time on Market 99.1 days 84.9 days
Gross Rental Yield Percent 3.51% 3.73%
demographics (median values)
Total Population
5807
Weekly Household Income
1073
Household Size
2.40
demographics
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Top 10 Birth Countries
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Household Income
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Tenure Type

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