Suburb Profile Report for West Lakes Shore SA (5020)

West Lakes Shore House: Median price $590,000, Annual capital growth 3.75%, Number of sales 45, Weekly median advertised rent $410

West Lakes Shore Unit: Median price $411,250, Annual capital growth 4.04%, Number of sales 26, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 7.27% for the last 12 months, West Lakes Shore, 5020 has performed for property investments than its average annual 3.75% property growth over the last 5 years.

Across a shorter period, West Lakes Shore, 5020 has seen a median price increase of 2.34% over the last quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in West Lakes Shore itself are offering an average vendor discount of -6.31% to real estate investors.

On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 3.75%, investors should hope to achieve an overall return of 3.61%

Over the last year, property investments in West Lakes Shore, 5020 have given investors a capital gain of 3.59%. This compares averagely with the 3.81% for SA as a whole.

If we look at median property appreciation over just the last three months, West Lakes Shore has given property investors a paper return of 2.81%. This puts Suburb as 60 on a list of fastest fasting appreciating suburbs in SA

Property buyers and investors in West Lakes Shore 5020 should be seeing an average reduction in asking price of around -8.16% . 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 80.2 days.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.04%, investors should hope to achieve an overall return of 4.43%

Metrics i HOUSE UNIT
$590,000 $411,250
2.34% 2.81%
7.27% 3.59%
3.75% 4.04%
$410 $350
45 26
3.61% 4.43%
69.4 80.2

Source: CoreLogic

DSR Score for property investment : Balanced (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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