Suburb Profile Report for West Lakes Shore SA (5020)

West Lakes Shore House: Median price $760,000, Annual capital growth 3.64%, Number of sales 61, Weekly median advertised rent $458

West Lakes Shore Unit: Median price $475,000, Annual capital growth 3.33%, Number of sales 21, Weekly median advertised rent $337

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 13.60% for the last 12 months, West Lakes Shore, 5020 has performed for property investments than its average annual 3.64% property growth over the last 5 years.

West Lakes Shore,5020 was ranked 1528 in Australia by increase in median property value over the quarter.

Vendor discounting in West Lakes Shore is giving property investors an average Vendor Discount of around -3.72%. This puts suburb at number 129th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in West Lakes Shore the average time real estate has been on the market is 88.3077 days.

Investment property in West Lakes Shore has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.34%

Taking the average capital gain, or increase in median house value, West Lakes Shore,5020 has racked up an average of 7.34% over the period. This ranks it number 315th in the whole country for real estate investors looking at median house price increases.

Often selling an investment property can take time, and in West Lakes Shore the average time real estate has been on the market is 96.7143 days.

With the median price for a house in West Lakes Shore being $475000 and the advertised rent reaching $337 the gross rental yield for property investors calculates out to be 3.69%

Metrics i HOUSE UNIT
$760,000 $475,000
5.70% 2.15%
13.60% 7.34%
3.64% 3.33%
$458 $337
61 21
3.13% 3.69%
88.3076923076923 96.7142857142857

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 2972
Median household income ($/weekly) 1301
Median age of persons 48
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    25-34 years 304 10.2
    35-44 years 342 11.5
    45-54 years 406 13.7
    55-64 years 580 19.5
    65-74 years 321 10.8
    Others 1020 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1363 57.1
    Not Married 854 35.8
    Defacto Relationship 170 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2245 77.5
    Greece 32 1.1
    Japan 56 1.9
    United Kingdom 260 9.0
    Other 65 2.2
    Others 239 8.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 1.4
    Christianity 2049 73.2
    Islam 17 0.6
    Other Religious Groups 13 0.5
    No Religion 676 24.1
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 102 9.6
    $600-$799 108 10.1
    $1,000-$1,249 103 9.7
    $1,500-$1,999 128 12.0
    $2,000-$2,499 110 10.3
    Others 515 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 918 36.7
    Not in the labour force 905 36.2
    Employed, worked part-time 515 20.6
    Employed, away from work 98 3.9
    Unemployed, looking for work 63 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 247 16.2
    Professionals 349 22.8
    Technicians & trades workers 188 12.3
    Clerical & administrative workers 258 16.9
    Sales 160 10.5
    Others 326 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 29 5.3
    Infants/Primary 184 33.6
    Secondary 155 28.3
    Technical or Further Educational Institution 57 10.4
    University or other Tertiary Institutions 107 19.5
    Others 16 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2264 80.2
    Semi-detached, row or terrace house, townhouse 462 16.4
    Flat, unit or apartment 97 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 578 50.1
    Being purchased 368 31.9
    Rented 192 16.6
    Other tenure type 16 1.4
    Tenure Type
Census 2011, ABS
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