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