Suburb Profile Report for West Lakes SA (5021)

West Lakes House: Median price $750,000, Annual capital growth 2.08%, Number of sales 77, Weekly median advertised rent $528

West Lakes Unit: Median price $460,000, Annual capital growth 4.55%, Number of sales 67, Weekly median advertised rent $330

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

If you compare the increase in value of investment property in West Lakes, 5021 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 3.81%.

Taking the average capital gain, or increase in median house value, West Lakes,5021 has racked up an average of 3.81% over the period. This ranks it number 3017th in the whole country for real estate investors looking at median house price increases.

At number 262th of SA’s most discounted properties, West Lakes is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $527.5 weekly from the median priced house in this suburb.

Giving property investors a a stable capital gain of 9.00% for the last year, West Lakes, 5021 is the 430th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, West Lakes has given property investors a paper return of 3.95%. This puts Suburb as 46 on a list of fastest fasting appreciating suburbs in SA

West Lakes5021 is located in SA which offers an average discount of -6.13% to property investors. West Lakes itself is showing figures that indicate -4.57% is the average achievable by property buyers investing in the suburb.

Residents and property investors in West Lakes have been waiting around 86.83 days to sell a property.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 3.73%, without taking into account capital value appreciation, which has been averaging out at 4.55%.

Metrics i HOUSE UNIT
$750,000 $460,000
5.93% 3.95%
3.81% 9.00%
2.08% 4.55%
$528 $330
77 67
3.66% 3.73%
103.02 86.83

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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