West Lakes is a mid-sized suburb in South Australia within the Charles Sturt local government area (postcode 5021). With a population of 6,768, the suburb has a mature demographic with a median age of 54. Households earn a median income of $80K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in West Lakes is $1.4 million, having risen modestly 1.9% over the past year. Units have a median price of $660,000 (+4.8% YoY). The current median weekly rent is $615. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,788.
Public transport access includes 44 bus stops. The crime rate in the Charles Sturt LGA is higher than average at 9,752 incidents per 100,000 population.
From an investment perspective, West Lakes offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 16.8x is considered stretched. House prices have moved +1.9% year-on-year.
West Lakes is a mid-sized suburb in South Australia within the Charles Sturt local government area (postcode 5021). With a population of 6,768, the suburb has a mature demographic with a median age of 54. Households earn a median income of $80K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in West Lakes is $1.4 million, having risen modestly 1.9% over the past year. Units have a median price of $660,000 (+4.8% YoY). The current median weekly rent is $615. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,788.
Public transport access includes 44 bus stops. The crime rate in the Charles Sturt LGA is higher than average at 9,752 incidents per 100,000 population.
From an investment perspective, West Lakes offers a gross rental yield of 2.4%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 16.8x is considered stretched. House prices have moved +1.9% year-on-year.