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Investment Property West Lakes, SA, 5021

Suburb Snapshot

West Lakes is a suburb in the Charles Sturt Region of South Australia. West Lakes has a population of 5,792 people and 17.41% of its occupants live in rental accommodation. The median listing price for houses is $1,095,000 and this has changed -0.46% over the past year and changed 42.20% over 2 years.

The median rent in West Lakes for houses is $660 per week and the median rental yield is 3.13%. Stock on the market for houses/townhouses has changed 73.33% compared to last year and the average time to sell a house/townhouse is 41 days.The median listing price for units is $587,500 and this has changed 3.98% over the past year. The average unit takes 23 days to sell and the median rent for a unit in West Lakes is $550 per week, producing a rental yield of 4.86%.

Supply & Demand in West Lakes, Charles Sturt

0.50%

Current vacancy rate


18

Rental stock available


5,792

Population


17.41%

Rental population


0.50%

Current vacancy rate


289

Rental stock available


111,759

Population


29.17%

Rental population


0.49%

Current vacancy rate


4,378

Rental stock available


1,676,654

Population


25.08%

Rental population


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Statistical data for West Lakes, Charles Sturt

  House Townhouses Units
Median listing price $1,095,000 NA $587,500
Median price change - last quarter 0.45% NA 0.42%
Median price change - 1 year -0.46% NA 3.98%
Median price change - 2 years 42.20% NA 15.76%
  House Townhouses Units
Median weekly rent $660 $630 $550
Median yield % 3.13% NA 4.86%
Median rent change - 1 year 1.53% 14.54% 10.00%
  House Units
Previous month sales 27 8
Stock on market previous month 52 7
Stock variance vs. last year 73.33% 40.00%
Average days on market 41 23

West Lakes investment property listings

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