Suburb Profile Report for West Beach SA (5024)

West Beach House: Median price $689,600, Annual capital growth 5.09%, Number of sales 59, Weekly median advertised rent $480

West Beach Unit: Median price $330,000, Annual capital growth 6.66%, Number of sales 53, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in West Beach, 5024 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 3.70%.

A 11.23% growth in median value for property investors in West Beach,5024 puts this suburb at number 351th in terms of best performing suburbs in SA

Property investors looking for a bargain in West Beach should be aiming for at least -6.57% off the asking price, which is the average vendor discount being achieved at the moment.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.62%, without taking into account capital value appreciation, which has been averaging out at 5.09%.

West Beach has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -4.07% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, West Beach comes in at number 92th in SA.

Sellers are offering property buyers an average discount of -8.07% to buyers in West Beach at the moment, which is less than average for the rest of SA.

On average over the past year, suburb has had 4.42 sales per month, which equates to 53 per year.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 6.66%, investors should hope to achieve an overall return of 4.41%

HOUSE UNIT
$689,600 $330,000
-2.32% -0.38%
3.70% -4.07%
5.09% 6.66%
$480 $280
59 53
3.62% 4.41%
79.69 61.85

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 4480
Median household income ($/weekly) 1237
Median age of persons 43
Median housing loan repayment ($/monthly) 1920
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 519 11.6
    35-44 years 620 13.8
    45-54 years 616 13.8
    55-64 years 555 12.4
    65-74 years 511 11.4
    Others 1658 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 1782 51.4
    Not Married 1367 39.4
    Defacto Relationship 317 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3330 77.2
    Croatia 53 1.2
    Japan 61 1.4
    United Kingdom 353 8.2
    Other 133 3.1
    Others 386 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.0
    Christianity 2939 71.4
    Hinduism 19 0.5
    Other Religious Groups 37 0.9
    No Religion 1065 25.9
    Others 13 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 172 10.2
    $600-$799 190 11.2
    $800-$999 176 10.4
    $1,500-$1,999 194 11.5
    $2,000-$2,499 173 10.2
    Others 784 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1368 37.2
    Not in the labour force 1294 35.2
    Employed, worked part-time 772 21.0
    Employed, away from work 132 3.6
    Unemployed, looking for work 110 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 314 13.8
    Professionals 510 22.4
    Technicians & trades workers 308 13.6
    Clerical & administrative workers 393 17.3
    Sales 252 11.1
    Others 495 21.8
    Occupation
    Census Count Percent(%)
    Pre-school 51 5.4
    Infants/Primary 339 36.2
    Secondary 226 24.1
    Technical or Further Educational Institution 82 8.8
    University or other Tertiary Institutions 200 21.3
    Others 39 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3297 78.7
    Flat, unit or apartment 508 12.1
    Semi-detached, row or terrace house, townhouse 373 8.9
    Caravan, cabin, houseboat 8 0.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 772 42.9
    Being purchased 537 29.8
    Rented 485 26.9
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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