West Lakes is in the bottom 40% in SA when comparing median price capital growth over the last year. West Lakes gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.70%.
Over the longer term, West Lakes has seen property prices show investors a 17.07% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in West Lakes is giving property investors an average Vendor Discount of around -5.62%. This puts suburb at number 206th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in West Lakes the average time real estate has been on the market is 93.08 days.
Investment property in West Lakes has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.43%
West Lakes,5021 has offered an average of 2.43% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in West Lakes are currently offering property investors an average price cut of -4.34% below the asking price at the moment.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
West Lakes is 134th on a list of best yielding suburbs for rents in SA with a 4.37% return