With a capital gain of 1.78% for the last 12 months, West Lakes, 5021 has performed for property investments than its average annual 3.23% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, West Lakes,5021 has racked up an average of 1.78% over the period. This ranks it number 2115th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in West Lakes are currently offering property investors an average price cut of -7.12% below the asking price at the moment.
With the median price for a house in West Lakes being $715000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.93%
SA has seen average median house prices change by 4.28% which means that West Lakes, 5021 has done well for property investors by showing a capital gain of -2.49% over the last year
If we look at median property appreciation over just the last three months, West Lakes has given property investors a paper return of 6.32%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in SA
West Lakes5021 is located in SA which offers an average discount of -6.06% to property investors. West Lakes itself is showing figures that indicate -8.01% is the average achievable by property buyers investing in the suburb.
In the last year 54 properties changed hands in West Lakes, which puts it as the 25th most active market in SA when comparing the number of sales per suburb.
Advertised rents are around the $330 mark per week – giving a return of 4.17% based on the median price in Suburb