Suburb Profile Report for West Beach SA (5024)

West Beach House: Median price $673,750, Annual capital growth 5.01%, Number of sales 57, Weekly median advertised rent $480

West Beach Unit: Median price $332,500, Annual capital growth 6.42%, Number of sales 46, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2696th in the list of Australian suburbs ordered by increase in median house value over the last year, West Beach, 5024 is in the BOTTOM 40% with a property value increase of 1.32% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, West Beach comes in at number 285th in SA.

Our latest figures would indicate that property sellers in West Beach are currently offering property investors an average price cut of -6.57% below the asking price at the moment.

Advertised rents are around the $480 mark per week – giving a return of 3.70% based on the median price in Suburb

Over the last year, property investments in West Beach, 5024 have given investors a capital gain of -3.34%. This compares badly with the 4.30% for SA as a whole.

If we look at median property appreciation over just the last three months, West Beach has given property investors a paper return of 0.38%. This puts Suburb as 84 on a list of fastest fasting appreciating suburbs in SA

West Beach5024 is located in SA which offers an average discount of -6.18% to property investors. West Beach itself is showing figures that indicate -7.46% is the average achievable by property buyers investing in the suburb.

Residents and property investors in West Beach have been waiting around 65.24 days to sell a property.

Advertised rents are around the $280 mark per week – giving a return of 4.38% based on the median price in Suburb

HOUSE UNIT
$673,750 $332,500
-7.45% 0.38%
1.32% -3.34%
5.01% 6.42%
$480 $280
57 46
3.70% 4.38%
78.16 65.24

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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