Suburb Profile Report for West Lakes Shore SA (5020)

West Lakes Shore House: Median price $590,000, Annual capital growth 3.80%, Number of sales 45, Weekly median advertised rent $408

West Lakes Shore Unit: Median price $400,000, Annual capital growth 3.95%, Number of sales 24, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$590,000 $400,000
2.61% N/A
6.79% 0.76%
3.80% 3.95%
$408 $350
45 24
3.59% 4.55%
69.4 64.88

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2972
Median household income ($/weekly) 1301
Median age of persons 48
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    25-34 years 304 10.2
    35-44 years 342 11.5
    45-54 years 406 13.7
    55-64 years 580 19.5
    65-74 years 321 10.8
    Others 1020 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1363 57.1
    Not Married 854 35.8
    Defacto Relationship 170 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2245 77.5
    Greece 32 1.1
    Japan 56 1.9
    United Kingdom 260 9.0
    Other 65 2.2
    Others 239 8.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 1.4
    Christianity 2049 73.2
    Islam 17 0.6
    Other Religious Groups 13 0.5
    No Religion 676 24.1
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 102 9.6
    $600-$799 108 10.1
    $1,000-$1,249 103 9.7
    $1,500-$1,999 128 12.0
    $2,000-$2,499 110 10.3
    Others 515 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 918 36.7
    Not in the labour force 905 36.2
    Employed, worked part-time 515 20.6
    Employed, away from work 98 3.9
    Unemployed, looking for work 63 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 247 16.2
    Professionals 349 22.8
    Technicians & trades workers 188 12.3
    Clerical & administrative workers 258 16.9
    Sales 160 10.5
    Others 326 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 29 5.3
    Infants/Primary 184 33.6
    Secondary 155 28.3
    Technical or Further Educational Institution 57 10.4
    University or other Tertiary Institutions 107 19.5
    Others 16 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2264 80.2
    Semi-detached, row or terrace house, townhouse 462 16.4
    Flat, unit or apartment 97 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 578 50.1
    Being purchased 368 31.9
    Rented 192 16.6
    Other tenure type 16 1.4
    Tenure Type
Census 2011, ABS
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