West Lakes Shore, SA 5020: Suburb Profile & Property Report

Market Report

House report
Unit Report

West Lakes Shore has 36 houses available for sale. The median property price for a house is currently $1,206,752 with annual capital growth of 25.70% . There were 37 house sales in the past 12 months. On average, houses spend 74 days on market.

If you're thinking about buying an investment property in West Lakes Shore, consider that rental yields for houses are currently 3.22% with an average median rent of $715 weekly. Houses have seen 18.19% growth in the past quarter, and 25.70% growth in the past 12 months.

The size of West Lakes Shore is approximately 1.8 square kilometres. It has 17 parks covering nearly 19.2% of total area. The population of West Lakes Shore in 2011 was 2,972 people. By 2016 the population was 3,105 showing a population growth of 4.5% in the area during that time. The predominant age group in West Lakes Shore is 60-69 years.

Households in West Lakes Shore are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Lakes Shore work in a professional occupation. In 2011, 80.2% of the homes in West Lakes Shore were owner-occupied compared with 79.8% in 2016.

West Lakes Shore has 14 units available for sale. The median property price for a unit is currently $650,000 with annual capital growth of -0.76% . There were 13 unit sales in the past 12 months. On average, units spend 36 days on market.

If you're thinking about buying an investment property in West Lakes Shore, consider that rental yields for units are currently 4.40% with an average median rent of $550 weekly. Units have seen 6.56% growth in the past quarter, and -0.76% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,206,752	$650,000
Quarterly growth	+18.19%	+6.56%
12-month growth	+25.70%	-0.76%
Average annual growth	+13.17%	+11.63%
Weekly median rent	$715	$550
Gross rental yield	3.22%	4.40%
Number of Sales (12m)	37	13
Avg. Days on Market (12m)	74	36

Jump to Market Trends

Key Demographics	2011	2016
Total population	2,972	3,105
Population change (5y)	+0.20%	+4.50%
Median household income (p/w)	$1,314	$1,514
Household income change (5y)	+12.31%	+15.22%
Median age of persons	47	47

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in West Lakes Shore is $1,206,752 for houses and $650,000 for units.

The Median Growth in West Lakes Shore over the past 12 months is 25.70% for houses and -0.76% for units.

Over the past 12 months there were 37 houses sold and 13 units sold in West Lakes Shore. On average, houses spent 74 days on market and units spent 36 days on market.

In the past 12 months up to August 2024 there were 37 houses sold and 13 units sold in West Lakes Shore. On average, houses spent 74 days on market and units spent 36 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in West Lakes Shore is $715 for houses and $550 for units.

The Rental Yield in West Lakes Shore is 3.22% for houses and 4.40% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of West Lakes Shore was 3,105 in 2016, a +4.50% change compared to 2011.

The predominant age group in West Lakes Shore is 60-69 years.

The population of West Lakes Shore was 3,105 in 2016, a +4.50% change compared to 2011.

The predominant age group in West Lakes Shore is 50-59 years.

Most of the population in West Lakes Shore were born in Australia.

Most of the population in West Lakes Shore report their religion as No Religion.

Most of the population in West Lakes Shore report their religion as Catholic.

Most of the population in West Lakes Shore report their income range as between $78,000 and $130,000 .

The median household income in West Lakes Shore was $1,514 in 2016, a +15.22% change compared to 2011.

Most of the population in West Lakes Shore report their income range as between $78,000 and $130,000 .

The median household income in West Lakes Shore was $1,314 in 2011, a +12.31% change compared to 2006.

Most of the population in West Lakes Shore work as Professional.

The chart below demonstrates the various levels of education in West Lakes Shore.

Most of the population in West Lakes Shore reached a qualification level of Certificate.

2011 2016

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