SA has seen average median house prices change by 2.92% which means that West Lakes Shore, 5020 has done well for property investors by showing a capital gain of 6.79% over the last year
Across a shorter period, West Lakes Shore, 5020 has seen a median price increase of 2.61% over the last quarter.
At number 178th of SA’s most discounted properties, West Lakes Shore is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in West Lakes Shore have been waiting around 69.4 days to sell a property.
Renters in Suburb are facing rents around $4890 per annum or $407.5 every week.
Investment property in West Lakes Shore has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.76%
Sellers are offering property buyers an average discount of -8.20% to buyers in West Lakes Shore at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.55%, without taking into account capital value appreciation, which has been averaging out at 3.95%.