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