Property value increases in West Lakes have tracked lower than the SA average of 4.16% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Lakes has increased when compared to the 5 year average annual rate.
West Lakes, 5021 is offering SA ‘s 206th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
Advertised rents are around the $580 mark per week – giving a return of 4.26% based on the median price in Suburb
West Lakes, 5021 ranked 57th in SA when comparing growth in median property values or capital gain over the last 12 months. West Lakes is one of 853 in our list for SA
When looking at the potential capital gains offered to property investors over the last 3 years, West Lakes comes in at number 95th in SA.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.23% offered to property buyers. Sellers in West Lakes itself are offering an average vendor discount of -4.59% to real estate investors.