If you compare the increase in value of investment property in West Lakes, 5021 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 3.00%.
The five-year average increase in median property values for West Lakes,5021 has given property investors a potential capital gain of 12.89% across each of those five years.
Sellers are offering property buyers an average discount of -5.62% to buyers in West Lakes at the moment, which is less than average for the rest of SA.
At number 2343 in a list of fastest selling suburbs, West Lakes is in the bottom 40% of suburbs in Australia with an average of days on market 91.87 for properties listed there.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
With a capital gain of -2.41% for the last 12 months, West Lakes, 5021 has performed for property investments than its average annual 5.74% property growth over the last 5 years.
Over the longer term, West Lakes has seen property prices show investors a -0.74% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that West Lakes is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in SA
At number 1192 in a list of fastest selling suburbs, West Lakes is in the bottom 20% of suburbs in Australia with an average of days on market 104.6 for properties listed there.