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West Beach
AREA REPORTS

West Beach

West Beach - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5024

house
unit

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 $1,055,000.

The upward trend in home prices in WEST BEACH, 5024 averaged 11.67% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 2.71% increase in returns based on the current median price in WEST BEACH.

An average of 5.33 real estate transactions take place per month in WEST BEACH which translates to 64 per annum.

64 properties were sold in WEST BEACH in 2016, making it the 74th most active market in SA based on total real estate transactions.

WEST BEACH, 5024 places 257th in Australia based on median property value growth during the quarter.

Data report can be found below

West Beach
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,055,000 $325,500
GROWTH REPORT
Median Quarterly 5.5% 4.16%
Median 12 month 17.22% 9.41%
Median 3 years 35% 3.33%
Median 5 years 56.07% 4.66%
10 years average annual 5.65% 1.68%
Weekly media advert. rent $550 $337.5
Time on Market 40.9 days 44.7 days
Gross Rental Yield Percent 2.71% 5.39%
demographics (median values)*
Total Population
13846
Weekly Household Income
1345
Household Size
2.40
Age
45
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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