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.