Property investors who have had real estate in West Lakes Shore, 5020 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.69%
West Lakes Shore,5020 has offered an average of 7.69% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in West Lakes Shore 5020 should be seeing an average reduction in asking price of around -8.37% . This means that West Lakes Shore is holding prices well when compared to other suburbs in 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 59.52 days.
Situated 12.40km from the CBD, West Lakes Shore is one of Charles Sturt localities in the postcode 5020.
At number 976th in the list of Australian suburbs ordered by increase in median house value over the last year, West Lakes Shore, 5020 is in the BOTTOM 50% with a property value increase of 1.25% recorded in median house prices.
Over the longer term, West Lakes Shore has seen property prices show investors a 4.52% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in West Lakes Shore are currently offering property investors an average price cut of -6.84% below the asking price at the moment.
Often selling an investment property can take time, and in West Lakes Shore the average time real estate has been on the market is 81.71 days.
With the median price for a house in West Lakes Shore being $405000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.49%