AREA REPORTS

West Beach

Suburb Profile

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

house
unit

WEST BEACH, 5024 ranks 1953rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 4.41% for property investors.

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 $722,500.

The upward trend in home prices in WEST BEACH, 5024 averaged 3.02% per annum over a 3-year period.

Average weekly rents on listings have reached the $470 mark, reflecting a 3.38% increase in returns based on the current median price in WEST BEACH.

An average of 4.83 real estate transactions take place per month in WEST BEACH which translates to 58 per annum.

58 properties were sold in WEST BEACH in 2016, making it the 93rd most active market in SA based on total real estate transactions.

WEST BEACH, 5024 places 220th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $722,500 $442,500
GROWTH REPORT
Median Quarterly 0.35% -0.23%
Median 12 month 4.41% 19.27%
Median 3 years 9.06% 24.65%
Median 5 years 17.29% 52.06%
10 years average annual 4.08% 6.5%
Weekly media advert. rent $470 $295
Time on Market 75.2 days 85.9 days
Gross Rental Yield Percent 3.38% 3.47%
demographics (median values)
Total Population
4332
Weekly Household Income
1024
Household Size
2.30
demographics
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