Suburb Profile Report for West Beach SA (5024)

West Beach House: Median price $780,000, Annual capital growth 4.06%, Number of sales 56, Weekly median advertised rent $475

West Beach Unit: Median price $302,500, Annual capital growth 2.05%, Number of sales 33, Weekly median advertised rent $285

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in West Beach, 5024 should be relatively pleased 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 4.21%

While West Beach,5024 ranked number 119th in SA for increase in median house value (annualised) increase, it is ranked 108th over the last 5 years.

West Beach, 5024 is offering SA ‘s 287th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.

A $475 per week rent on the median house gives suburb investors a gross yield of circa 3.17%, without taking into account capital value appreciation, which has been averaging out at 4.06%.

With a capital gain of -19.87% for the last 12 months, West Beach, 5024 has performed for property investments than its average annual 2.05% property growth over the last 5 years.

While West Beach,5024 ranked number 34th in SA for increase in median house value (annualised) increase, it is ranked 56th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Beach, 5024. Typically our figures indicate that -8.37% is being offered, which puts this SA suburb at 149th most discounted overall in Australia.

A $285 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at 2.05%.

Metrics i HOUSE UNIT
$780,000 $302,500
2.63% 0.83%
4.21% -19.87%
4.06% 2.05%
$475 $285
56 33
3.17% 4.90%
55.5454545454546 89.05

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4480
Median household income ($/weekly) 1237
Median age of persons 43
Median housing loan repayment ($/monthly) 1920
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 519 11.6
    35-44 years 620 13.8
    45-54 years 616 13.8
    55-64 years 555 12.4
    65-74 years 511 11.4
    Others 1658 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 1782 51.4
    Not Married 1367 39.4
    Defacto Relationship 317 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3330 77.2
    Croatia 53 1.2
    Japan 61 1.4
    United Kingdom 353 8.2
    Other 133 3.1
    Others 386 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 41 1.0
    Christianity 2939 71.4
    Hinduism 19 0.5
    Other Religious Groups 37 0.9
    No Religion 1065 25.9
    Others 13 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 172 10.2
    $600-$799 190 11.2
    $800-$999 176 10.4
    $1,500-$1,999 194 11.5
    $2,000-$2,499 173 10.2
    Others 784 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1368 37.2
    Not in the labour force 1294 35.2
    Employed, worked part-time 772 21.0
    Employed, away from work 132 3.6
    Unemployed, looking for work 110 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 314 13.8
    Professionals 510 22.4
    Technicians & trades workers 308 13.6
    Clerical & administrative workers 393 17.3
    Sales 252 11.1
    Others 495 21.8
    Occupation
    Census Count Percent(%)
    Pre-school 51 5.4
    Infants/Primary 339 36.2
    Secondary 226 24.1
    Technical or Further Educational Institution 82 8.8
    University or other Tertiary Institutions 200 21.3
    Others 39 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3297 78.7
    Flat, unit or apartment 508 12.1
    Semi-detached, row or terrace house, townhouse 373 8.9
    Caravan, cabin, houseboat 8 0.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 772 42.9
    Being purchased 537 29.8
    Rented 485 26.9
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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