This property is Off Market
With an average age of 56, households expect an average monthly mortgage payment of $2,084 or a weekly rent payment of $573. The average family earns a weekly income of $2,374 with a typical household size of 2.7 and a 95.24% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in West Lakes are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in West Lakes classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in West Lakes requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 3%)
West Lakes a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
51 / 100
44 / 100
Industry
53 / 100
34 / 100
Population
52 / 100
37 / 100
House Prices
75 / 100
62 / 100
Jobs
56 / 100
33 / 100
Incidents Trend State Average
Seaton High School
Seaton, SA, 5023 State U, 8-12
Alberton Primary School
Queenstown, SA, 5014 State R-7
Hendon Primary School
Royal Park, SA, 5014 State U, R-7
West Lakes Shore School R-7
West Lakes Shore, SA, 5020 State R-7
Westport Primary School
Semaphore Park, SA, 5019 State R-7
Grange Primary School
Grange, SA, 5022 State R-7
Our Lady Queen of Peace School
Albert Park, SA, 5014 Independent R-6
Portside Christian College
New Port, SA, 5015 Independent R-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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