Property investors who have had real estate in West Beach, 5024 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.49%
West Beach,5024 was ranked 3795 in Australia by increase in median property value over the quarter.
The most recent median price for West Beach is $660000, with sellers offering an average of -7.29% off the asking price.
At number 1401 in a list of fastest selling suburbs, West Beach is in the TOP 40% of suburbs in Australia with an average of days on market 70.79 for properties listed there.
Using the current median advertised rental of $482.5 and the average annual increase in value of a median property of 4.56%, investors should hope to achieve an overall return of 3.80%
Over the last year, property investments in West Beach, 5024 have given investors a capital gain of 28.20%. This compares very favourably with the 3.03% 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 26.06%. This puts Suburb as 2 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in West Beach is giving property investors an average Vendor Discount of around -8.14%. This puts suburb at number 27th in SA when ranking the most discounted suburbs.
Residents and property investors in West Beach have been waiting around 68.94 days to sell a property.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 9.50%, investors should hope to achieve an overall return of 3.50%