Suburb Profile Report for West Lakes SA (5021)

West Lakes House: Median price $708,000, Annual capital growth 1.89%, Number of sales 80, Weekly median advertised rent $490

West Lakes Unit: Median price $441,472, Annual capital growth 3.49%, Number of sales 79, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

West Lakes is in the bottom 30% in SA when comparing median price capital growth over the last year. West Lakes gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.48%.

Across a shorter period, West Lakes, 5021 has seen a median price increase of 1.14% over the last quarter.

West Lakes, 5021 is offering SA ‘s 283th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this SA.

At number 2538 in a list of fastest selling suburbs, West Lakes is in the bottom 40% of suburbs in Australia with an average of days on market 87.79 for properties listed there.

Advertised rents are around the $490 mark per week – giving a return of 3.60% based on the median price in Suburb

At number 762th in the list of Australian suburbs ordered by increase in median house value over the last year, West Lakes, 5021 is in the top half with a property value increase of 4.86% recorded in median house prices.

The five-year average increase in median property values for West Lakes,5021 has given property investors a potential capital gain of 11.77% across each of those five years.

At number 144th of SA’s most discounted properties, West Lakes is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Residents and property investors in West Lakes have been waiting around 71.32 days to sell a property.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 3.49%, investors should hope to achieve an overall return of 3.89%

Metrics i HOUSE UNIT
$708,000 $441,472
1.14% 0.33%
-2.48% 4.86%
1.89% 3.49%
$490 $330
80 79
3.60% 3.89%
87.79 71.32

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5728
Median household income ($/weekly) 1164
Median age of persons 52
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    35-44 years 552 9.6
    45-54 years 759 13.2
    55-64 years 1071 18.7
    65-74 years 805 14.1
    75-84 years 587 10.2
    Others 1955 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 2797 59.1
    Not Married 1661 35.1
    Defacto Relationship 277 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4187 76.4
    Hong Kong 74 1.3
    Japan 138 2.5
    United Kingdom 378 6.9
    Other 180 3.3
    Others 526 9.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 0.9
    Christianity 4197 78.4
    Islam 34 0.6
    Other Religious Groups 29 0.5
    No Religion 1028 19.2
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 270 12.4
    $600-$799 244 11.2
    $800-$999 224 10.3
    $1,000-$1,249 181 8.3
    $1,500-$1,999 265 12.2
    Others 987 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2105 42.8
    Employed, worked full-time 1585 32.2
    Employed, worked part-time 933 19.0
    Employed, away from work 183 3.7
    Unemployed, looking for work 117 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 468 17.3
    Professionals 518 19.2
    Technicians & trades workers 313 11.6
    Clerical & administrative workers 510 18.9
    Sales 309 11.4
    Others 583 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 42 4.4
    Infants/Primary 323 34.1
    Secondary 243 25.7
    Technical or Further Educational Institution 89 9.4
    University or other Tertiary Institutions 216 22.8
    Others 34 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4079 75.3
    Semi-detached, row or terrace house, townhouse 923 17.0
    Flat, unit or apartment 412 7.6
    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 1262 54.5
    Being purchased 541 23.4
    Rented 420 18.2
    Other tenure type 91 3.9
    Tenure Type
Census 2011, ABS
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