SA has seen average median house prices change by 3.35% which means that West Lakes Shore, 5020 has done well for property investors by showing a capital gain of 5.12% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Lakes Shore has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in West Lakes Shore are currently offering property investors an average price cut of -6.72% below the asking price at the moment.
With the median price for a house in West Lakes Shore being $565000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.05%
Investment property in West Lakes Shore has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.71%
Over the longer term, West Lakes Shore has seen property prices show investors a -7.18% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -7.92% to buyers in West Lakes Shore at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in West Lakes Shore the average time real estate has been on the market is 104.16 days.
Situated 11.18km from the CBD, West Lakes Shore is one of Charles Sturt localities in the postcode 5020.