West Lakes, SA 5021
Compare Part of Charles Sturt
11.12 km
Distance from Adelaide CBD
6 k
Population
Median Sale Price
House
$740K
Updated on Jan 2020
2 BR $408K | 3 BR $620K | 4 BR $850K |
Unit
$462K
Updated on Jan 2020
1 BR - | 2 BR $403K | 3 BR $462K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $590,000 | 0.0% | $320,000 | $1,550,000 | 53 |
| 2010 | $695,000 | +15.1% | $308,000 | $2,200,000 | 59 |
| 2011 | $650,000 | -6.9% | $123,800 | $1,500,000 | 66 |
| 2012 | $590,000 | -10.2% | $60,000 | $1,260,000 | 72 |
| 2013 | $575,000 | -2.6% | $323,000 | $1,400,000 | 76 |
| 2014 | $628,000 | +8.4% | $125,000 | $1,420,000 | 75 |
| 2015 | $695,000 | +9.6% | $300,000 | $7,800,000 | 79 |
| 2016 | $680,000 | -2.2% | $295,000 | $1,127,500 | 67 |
| 2017 | $735,000 | +7.5% | $315,000 | $1,568,000 | 64 |
| 2018 | $740,000 | +0.7% | $285,000 | $1,400,000 | 63 |
| 2019 | $750,000 | +1.3% | $322,500 | $1,350,000 | 76 |
| 2020 | $660,000 | -13.6% | $619,000 | $765,000 | 5 |
Median Sale Price
$740K
Based on 75 recorded sales within the last 12 months
Updated on 23 Feb 2020
Suburb Growth
-1.4%
Current Median Price: $740,000
Previous Median Price: $750,000
Based on 139 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$495
Updated on Jan 2020
2 BR $375 | 3 BR $490 | 4 BR $600 |
Unit
$375
Updated on Jan 2020
1 BR - | 2 BR $333 | 3 BR $455 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $430 | 0.0% | $250 | $950 | 37 |
| 2012 | $495 | +13.1% | $300 | $950 | 47 |
| 2013 | $495 | 0.0% | $295 | $720 | 41 |
| 2014 | $470 | -5.3% | $275 | $2,310 | 47 |
| 2015 | $450 | -4.4% | $260 | $950 | 63 |
| 2016 | $550 | +18.2% | $310 | $1,100 | 33 |
| 2017 | $450 | -22.2% | $280 | $800 | 57 |
| 2018 | $450 | 0.0% | $300 | $1,180 | 53 |
| 2019 | $490 | +8.2% | $285 | $1,100 | 46 |
| 2020 | $750 | +34.7% | $450 | $750 | 2 |
Median Rent Price
$470
per week
Based on 41 recorded rent within the last 12 months
Updated on 23 Feb 2020
Rent Price Growth
-1.1%
Current Median Rent: $470
Previous Median Rent: $475
Based on 93 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.3%
Current Median Price: $740,000
Current Median rent: $470
Based on 116 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For West Lakes
Houses sold in Last 12 months ends 22 Feb 2020
$670K
Median Sale Price
81%
Clearance Rate
17/21
Sold/Reported
$1.16M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 2 | |
| $600 K - $800 K (Median Price Range) | 2 | |
| $400 K - $600 K | 4 | |
Schools closest to West Lakes, SA 5021
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| West Lakes Shore School R-7 | EDWIN STREETWest Lakes Shore 5020 | Primary | Government | 1.66 km |
| Seaton High SchoolTop 100 | GLENBURNIE STREETSeaton 5023 | Secondary | Government | 1.64 km |
| Hendon Primary School | CEDAR AVENUERoyal Park 5014 | Primary | Government | 1.79 km |