Property value increases in West Beach have tracked just higher than the SA average of 4.16% over the last 12 months.
If we look at median property appreciation over just the last three months, West Beach has given property investors a paper return of 3.30%. This puts Suburb as 99 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in West Beach is giving property investors an average Vendor Discount of around -2.41%. This puts suburb at number 375th in SA when ranking the most discounted suburbs.
At number 1358 in a list of fastest selling suburbs, West Beach is in the TOP 40% of suburbs in Australia with an average of days on market 61.37 for properties listed there.
With the median price for a house in West Beach being $720000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.32%
Property investors who have had real estate in West Beach, 5024 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.77%
When looking at the potential capital gains offered to property investors over the last 3 years, West Beach comes in at number 47th 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 Beach itself are offering an average vendor discount of -5.13% to real estate investors.
At number 646 in a list of fastest selling suburbs, West Beach is just in the top half of suburbs in Australia with an average of days on market 66.87 for properties listed there.
West Beach, 5024’s gross rental yield is 3.78%