Suburb Profile Report for West Lakes Shore SA (5020)

West Lakes Shore House: Median price $605,000, Annual capital growth 3.75%, Number of sales 47, Weekly median advertised rent $440

West Lakes Shore Unit: Median price $440,000, Annual capital growth 4.35%, Number of sales 19, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in West Lakes Shore, 5020 have given investors a capital gain of 9.01%. This compares favourably with the 3.87% for SA as a whole.

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.

West Lakes Shore, 5020 is offering SA ‘s 48th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.

Advertised rents are around the $440 mark per week – giving a return of 3.78% based on the median price in Suburb

SA has seen average median house prices change by 3.61% which means that West Lakes Shore, 5020 has done well for property investors by showing a capital gain of 11.39% over the last year

Over the longer term, West Lakes Shore has seen property prices show investors a 10.00% return over the last 3 years. This is an improvement over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Lakes Shore, 5020. Typically our figures indicate that -7.06% is being offered, which puts this SA suburb at 272th most discounted overall in Australia.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$605,000 $440,000
-7.28% 5.07%
9.01% 11.39%
3.75% 4.35%
$440 $360
47 19
3.78% 4.25%
49.85 77.27

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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