Suburb Profile Report for West Lakes SA (5021)

West Lakes House: Median price $725,000, Annual capital growth 3.33%, Number of sales 75, Weekly median advertised rent $550

West Lakes Unit: Median price $416,000, Annual capital growth 5.37%, Number of sales 59, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

West Lakes is an average performer in SA when comparing median price capital growth over the last year. West Lakes gave property investors a average capital gain figure when compared to the rest of the state, with 2.40%.

The five-year average increase in median property values for West Lakes,5021 has given property investors a potential capital gain of 6.62% across each of those five years.

The most recent median price for West Lakes is $725000, with sellers offering an average of -6.84% off the asking price.

West Lakes, 5021’s gross rental yield is 3.94%

SA has seen average median house prices change by 3.81% which means that West Lakes, 5021 has done well for property investors by showing a capital gain of 0.60% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, West Lakes comes in at number 148th in SA.

Our latest figures would indicate that property sellers in West Lakes are currently offering property investors an average price cut of -6.66% below the asking price at the moment.

West Lakes is 129th on a list of best yielding suburbs for rents in SA with a 4.38% return

Metrics i HOUSE UNIT
$725,000 $416,000
-0.68% 2.72%
2.40% 0.60%
3.33% 5.37%
$550 $350
75 59
3.94% 4.38%
99.69 78.88

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 5728
Median household income ($/weekly) 1164
Median age of persons 52
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    35-44 years 552 9.6
    45-54 years 759 13.2
    55-64 years 1071 18.7
    65-74 years 805 14.1
    75-84 years 587 10.2
    Others 1955 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 2797 59.1
    Not Married 1661 35.1
    Defacto Relationship 277 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4187 76.4
    Hong Kong 74 1.3
    Japan 138 2.5
    United Kingdom 378 6.9
    Other 180 3.3
    Others 526 9.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 0.9
    Christianity 4197 78.4
    Islam 34 0.6
    Other Religious Groups 29 0.5
    No Religion 1028 19.2
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 270 12.4
    $600-$799 244 11.2
    $800-$999 224 10.3
    $1,000-$1,249 181 8.3
    $1,500-$1,999 265 12.2
    Others 987 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2105 42.8
    Employed, worked full-time 1585 32.2
    Employed, worked part-time 933 19.0
    Employed, away from work 183 3.7
    Unemployed, looking for work 117 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 468 17.3
    Professionals 518 19.2
    Technicians & trades workers 313 11.6
    Clerical & administrative workers 510 18.9
    Sales 309 11.4
    Others 583 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 42 4.4
    Infants/Primary 323 34.1
    Secondary 243 25.7
    Technical or Further Educational Institution 89 9.4
    University or other Tertiary Institutions 216 22.8
    Others 34 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4079 75.3
    Semi-detached, row or terrace house, townhouse 923 17.0
    Flat, unit or apartment 412 7.6
    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 1262 54.5
    Being purchased 541 23.4
    Rented 420 18.2
    Other tenure type 91 3.9
    Tenure Type
Census 2011, ABS
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