Suburb Profile Report for West Beach SA (5024)

West Beach House: Median price $660,000, Annual capital growth 4.56%, Number of sales 60, Weekly median advertised rent $483

West Beach Unit: Median price $416,000, Annual capital growth 9.50%, Number of sales 49, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$660,000 $416,000
-5.42% 26.06%
-1.49% 28.20%
4.56% 9.50%
$483 $280
60 49
3.80% 3.50%
70.79 68.94

Source: CoreLogic

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