If you compare the increase in value of investment property in West Beach, 5024 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 3.70%.
A 11.23% growth in median value for property investors in West Beach,5024 puts this suburb at number 351th in terms of best performing suburbs in SA
Property investors looking for a bargain in West Beach should be aiming for at least -6.57% off the asking price, which is the average vendor discount being achieved at the moment.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.62%, without taking into account capital value appreciation, which has been averaging out at 5.09%.
West Beach has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -4.07% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, West Beach comes in at number 92th in SA.
Sellers are offering property buyers an average discount of -8.07% to buyers in West Beach at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 4.42 sales per month, which equates to 53 per year.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 6.66%, investors should hope to achieve an overall return of 4.41%