Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $671,000.
The upward trend in home prices in WEST BEACH, 5024 averaged 6.18% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 3.72% increase in returns based on the current median price in WEST BEACH.
An average of 5.75 real estate transactions take place per month in WEST BEACH which translates to 69 per annum.
69 properties were sold in WEST BEACH in 2016, making it the 69th most active market in SA based on total real estate transactions.
WEST BEACH, 5024 places 215th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.96%||10.04%|
|Median 3 years||18.55%||24.62%|
|Median 5 years||10.91%||27.89%|
|10 years average annual||4.77%||7.95%|
|Weekly media advert. rent||$480||$280|
|Time on Market||69.3 days||56.5 days|
|Gross Rental Yield Percent||3.72%||3.99%|