Median values are calculated based on data over a 12 month period.
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Market Report
West Lakes has 90 houses available for sale. The median property price for a house is currently 1,130,000 with annual capital growth of 16.49 . There were 74 house sales in the past 12 months. On average, houses spend 37 days on market.
If you're thinking about buying an investment property in West Lakes, consider that rental yields for houses are currently 3.29 with an average median rent of 685 weekly. Houses have seen 2.73 growth in the past quarter, and 16.49 growth in the past 12 months.
The size of West Lakes is approximately 4.4 square kilometres. It has 32 parks covering nearly 18.1% of total area. The population of West Lakes in 2011 was 5,728 people. By 2016 the population was 5,781 showing a population growth of 0.9% in the area during that time. The predominant age group in West Lakes is 60-69 years.
Households in West Lakes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Lakes work in a professional occupation. In 2011, 75.4% of the homes in West Lakes were owner-occupied compared with 76.5% in 2016.
West Lakes has 46 units available for sale. The median property price for a unit is currently 617,500 with annual capital growth of 13.30 . There were 54 unit sales in the past 12 months. On average, units spend 46 days on market.
If you're thinking about buying an investment property in West Lakes, consider that rental yields for units are currently 4.39 with an average median rent of 520 weekly. Units have seen 4.22 growth in the past quarter, and 13.30 growth in the past 12 months.
The size of West Lakes is approximately 4.4 square kilometres. It has 32 parks covering nearly 18.1% of total area. The population of West Lakes in 2011 was 5,728 people. By 2016 the population was 5,781 showing a population growth of 0.9% in the area during that time. The predominant age group in West Lakes is 60-69 years.
Households in West Lakes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Lakes work in a professional occupation. In 2011, 75.4% of the homes in West Lakes were owner-occupied compared with 76.5% in 2016.
Looking to invest or refinance? Compare investor loans or SMSF loans
| Key Market Data | House | Unit |
| Median price | 1,130,000 | 617,500 |
| Quarterly growth | +2.73 | +4.22 |
| 12-month growth | +16.49 | +13.30 |
| Average annual growth | +7.59 | +6.02 |
| Weekly median rent | 685 | 520 |
| Gross rental yield | 3.29 | 4.39 |
| Number of Sales (12m) | 74 | 54 |
| Avg. Days on Market (12m) | 37 | 46 |
| Key Demographics | 2011 | 2016 |
| Total population | 5,728 | 5,781 |
| Population change (5y) | -1.34 | +0.90 |
| Median household income (p/w) | 1,170 | 1,309 |
| Household income change (5y) | +5.98 | +11.88 |
| Median age of persons | 52 | 53 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of West Lakes was 5,781 in 2016, a +0.90 change compared to 2011.
The predominant age group in West Lakes is 60-69 years.
The population of West Lakes was 5,781 in 2016, a +0.90 change compared to 2011.
The predominant age group in West Lakes is 60-69 years.
Most of the population in West Lakes were born in Australia.
Most of the population in West Lakes were born in Australia.
Most of the population in West Lakes report their religion as Catholic.
Most of the population in West Lakes report their religion as Catholic.
Most of the population in West Lakes report their income range as between 78,000 and 130,000 .
The median household income in West Lakes was 1,309 in 2016, a +11.88 change compared to 2011.
Most of the population in West Lakes report their income range as between 31,000 and 52,000 .
The median household income in West Lakes was 1,170 in 2011, a +5.98 change compared to 2006.
Most of the population in West Lakes work as Professional.
Most of the population in West Lakes work as Professional.
The chart below demonstrates the various levels of education in West Lakes.
The chart below demonstrates the various levels of education in West Lakes.
Most of the population in West Lakes reached a qualification level of Certificate.
Most of the population in West Lakes reached a qualification level of Certificate.
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Suburb borders rendered using geocodes provided by Openstreetmap.
