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%