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West Lakes Shore, SA 5020

Home » SA Real Estate Data » City of Charles Sturt, SA » West Lakes Shore, SA 5020

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 Lakes Shore, SA 5020 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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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.

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0 thoughts on “West Lakes Shore, SA 5020”

  1. The total adult population (15 years or older) of West Lakes Shore 5020 SA is 2,711, with a median age of 48. Of those, 55.44% are married, 11.84% are divorced or separated, 25.78% are single and 6.79% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,504. The median monthly mortgage repayment for households in this suburb is $1,950 which is 22.93% of their earnings.

    Source: ABS Census Data (2021)

  2. Nested in South Australia, the suburb of WEST LAKES SHORE (postcode 5020), has a resplendent array of 1573 households. As we delve into the third quarter of 2023, it emerges that houses in WEST LAKES SHORE are exchanged for a typical price of $1,057,781. The median weekly rental figure stands at $655, culminating in an indicative yield of 3.22% – a number that definitely piques the interest of cashflow-centred property investors.

    WEST LAKES SHORE scores a commendable 1032 out of 1217 on the IRSAD scale, painting a favourable picture of the socio-economic standard in the suburb. This score enhances the suburb’s appeal to a population seeking excellent socio-economic benefits.

    An impressive facet of WEST LAKES SHORE is its renter to owner ratio which stands at a low 14%. This statistic is preferred by investors looking to lower their competition against other investors in rental markets.

    In terms of proportion of units to houses, the suburb boasts a favourable 9% units to houses ratio. This low units to houses ratio can help maintain high rental yields and tends to attract long-term tenants seeking family-oriented neighbourhoods.

    However, property affordability in this suburb may be a constraint, with the Affordability Index indicating a long 49 years till typical property ownership, based on the existing median income and home price.

    Moreover, the Supply metrics are quite encouraging. The suburb’s low stock on market Percentage for houses is just 0.29% and the inventory level is pleasantly low, denoting only 1.07 months. With the building approvals Ratio for houses chalking up to only 1.23%, the risk of market oversaturation due to new building stocks remains low.

    When it comes to Demand, WEST LAKES SHORE is a strong performer. Houses spend an average of only 29 days on the market, indicating high demand. The Vacancy Rate, calculated combining both houses and units, is 1.76% that points to a potential demand-supply balance.

    As per the Buy Search Index, which stands at 3, there is reasonable buyer interest in the suburb. While the metric denotes a demand leaning towards neutrality, it cannot be disregarded.

    In closing, while WEST LAKES SHORE might present a few affordability challenges, the suburb does showcase a fair share of positive points. The RCS (Relative Composite Score) by HtAG Analytics provides a comprehensive understanding of this and many more factors. As an investor, it’s important to look at the property market holistically, considering not just single metrics but also their collective trend.

    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.

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