Suburb Profile Report for West Lakes Shore SA (5020)

West Lakes Shore House: Median price $595,000, Annual capital growth 3.94%, Number of sales 48, Weekly median advertised rent $430

West Lakes Shore Unit: Median price $405,000, Annual capital growth 3.79%, Number of sales 23, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$595,000 $405,000
0.85% 1.25%
7.69% 1.25%
3.94% 3.79%
$430 $350
48 23
3.76% 4.49%
59.52 81.71

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (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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