Suburb Profile Report for West Beach SA (5024)

West Beach House: Median price $660,000, Annual capital growth 4.77%, Number of sales 71, Weekly median advertised rent $483

West Beach Unit: Median price $357,500, Annual capital growth 7.57%, Number of sales 57, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -9.34% for the last 12 months, West Beach, 5024 has performed for property investments than its average annual 4.77% property growth over the last 5 years.

While West Beach,5024 ranked number 241th in SA for increase in median house value (annualised) increase, it is ranked 293th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Beach, 5024. Typically our figures indicate that -6.84% is being offered, which puts this SA suburb at 1230th most discounted overall in Australia.

At number 1282 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 65.37 for properties listed there.

Property investors should expect to get $482.5 weekly from the median priced house in this suburb.

Investment property in West Beach has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.92%

Comparing West Beach,5024 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in West Beach should be aiming for at least -4.76% off the asking price, which is the average vendor discount being achieved at the moment.

West Beach is 148th on a list of best yielding suburbs for rents in SA with a 4.07% return

Metrics i HOUSE UNIT
$660,000 $357,500
0.38% 6.72%
-9.34% 7.92%
4.77% 7.57%
$483 $280
71 57
3.80% 4.07%
65.37 59.51

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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