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%