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 3.6% increase in returns based on the current median price in WEST LAKES.
WEST LAKES, 5021 ranks 348th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 294th on the list of best yielding suburbs for rental properties in SA, posting a 3.6% return.
Property investors have seen a 0.33% gain in WEST LAKES based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WEST LAKES, 5021 saw average growth in the long term.
WEST LAKES, 5021 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $441,472.
Profits due to an upward trend in home prices in WEST LAKES, 5021 averaged 0.89% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in WEST LAKES, 5021 is 3.89%.
An average of 6.58 real estate transactions take place per month in WEST LAKES which translates to 79 per annum.
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