Over the last year, property investments in West Beach, 5024 have given investors a capital gain of 3.45%. This compares averagely with the 3.87% for SA as a whole.
The five-year average increase in median property values for West Beach,5024 has given property investors a potential capital gain of 20.17% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that West Beach is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 314th in terms of most discounted suburbs in SA
Property value increases in West Beach have tracked higher than the SA average of 3.61% over the last 12 months.
West Beach,5024 was ranked 154 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in West Beach are currently offering property investors an average price cut of -5.11% below the asking price at the moment.
At number 408 in a list of fastest selling suburbs, West Beach is in the TOP 30% of suburbs in Australia with an average of days on market 55.28 for properties listed there.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.