Fraud Blocker

West Beach, SA 5024

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for West Beach, SA 5024 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “West Beach, SA 5024”

  1. The total adult population (15 years or older) of West Beach 5024 SA is 4,383, with a median age of 45. Of those, 51.52% are married, 10.36% are divorced or separated, 31.80% are single and 6.30% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,440. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.19% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in South Australia, the suburb of West Beach (postcode 5024) is a thriving community estimated to house approximately 2,553 family units. As we navigate through Q3 of 2023, the typical prices for houses within the postcard-like suburb sits around $1,317,687. Coupled with a median weekly rent of $681, this seaside suburb produces a slightly lower than average indicative yield of 2.69%.

    In terms of the socio-economic stature of the area, it scores relatively high, with an IRSAD score of 1050 out of a possible 1217 showing a prosperous and well-positioned community. This is further reflected by a relatively low renter to owner ratio of 26%, reflecting a stable homeowner community.

    Unlike some suburbs dominated by apartment living, West Beach 5024 maintains a balanced lifestyle with a unit to house ratio of 26%, displaying a propensity for standalone households over high-density living.

    However, it’s worth noting that affordability does skew to the high end here, with an affordability index reading of 55 years. This suggests that fully owning a property in this area may take longer, a common trait in premium, sought-after locations.

    Looking into the supply metrics, the suburb presents a favourable market for buyers with a stock on market Percentage of 0.17% and an inventory level of 0.49 months. These metrics indicate a relatively low supply. The building approvals Ratio for houses also stands at a moderate 1.22%, implying a balanced pace of new dwelling developments.

    On the demand side, the suburb navigates against the current with an average of 120 days on the market for houses – a metric that suggests lower buyer demand. However, the overall vacancy rate of the area remains favourable at 1.34%, showing a slight tilt towards a higher demand with less available inventory.

    In terms of popularity, the buy search index for houses stands at 5 – aligning with the state and city average – conveying a neutral demand from potential buyers.

    West Beach presents some dynamic opportunities for discerning property investors. Nevertheless, as with any property investment, it is key to stay abreast of trends and data in the market, and to keep a nuanced outlook. Despite a few metrics suggesting lower demand, other favourable factors including superior socio-economic attributes, low supply and high affordability place West Beach as an interesting location for potential investment. Comprehensive scores such as the RCS from HtAG Analytics can aid in automated detailed research, making your investment decision a calculated and informed one.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment