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AREA REPORTS

West Lakes

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

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unit

Property investors enjoyed capital gains of 5.13% over the last 12 months in WEST LAKES, translating to lower returns compared with its peers in SA.

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.

The suburb posted a 14.69% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $565 based on current median home prices for the suburb.

On average, rents on listings have reached the $565 mark, reflecting a 3.58% increase in returns based on the current median price in WEST LAKES.

WEST LAKES, 5021 ranks 204th 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 3.58% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $820,000 $415,000
GROWTH REPORT
Median Quarterly 1.86% 1.22%
Median 12 month 5.13% -10.17%
Median 3 years 14.69% -4.6%
Median 5 years 15.17% -1.19%
10 years average annual 1.52% -1.71%
Weekly media advert. rent $565 $395
Time on Market 96.2 days 84.2 days
Gross Rental Yield Percent 3.58% 4.95%
demographics (median values)
Total Population
5807
Weekly Household Income
1073
Household Size
2.40
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