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West Lakes, SA 5021
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,395,000
market range $800K-$1.7M
Median Unit
$840,000
market range $775K-$900K
Gross Yield (houses)
2.9%
1yr Growth (houses)
+8.2%
market range +2.5% to +20.0%
Investment snapshot for West Lakes
West Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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West Lakes market and investor summary
In West Lakes, SA 5021, the median house sells for around $1.4M, on a gross rental yield of 2.9% for houses. House prices have moved +8.2% over the past year. At 1.7% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking.
Living in West Lakes: people, income and schools
West Lakes has a resident population of roughly 6,768, a number that has held fairly steady over five years. At a median age of 54, it reads as an older, established demographic, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $80,000 a year (about $1,550 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 17.3 times local household income, so affordability is a genuine constraint on local buyers.
Families have 32 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. West Lakes sits about 11 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 57 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 6,768
- +6% over 5yr
- Median age
- 54 years
- Median household income
- $80,000/yr
- Households renting
- 16%
- Family households
- 68%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 32
- avg ICSEA 994
- Unemployment
- 2.8%
- Distance to CBD
- 11 km
- Walk score
- 57/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in West Lakes
View all →Frequently asked questions about West Lakes
What should I check before investing in West Lakes?
West Lakes has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.1% gives a usable rent-to-price starting point. Capital growth of +8.2% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in West Lakes?
The median property price in West Lakes, SA 5021 is $1.4M for houses and $840K for units.
What rental yield does West Lakes show?
The gross rental yield in West Lakes is 2.9% for houses and 4.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for West Lakes?
House prices in West Lakes are up 8.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in West Lakes?
The current vacancy rate in West Lakes is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in West Lakes?
West Lakes has a population of approximately 6,768 residents, with a median age of 54.
What schools are near West Lakes?
There are 32 schools within roughly 5km of West Lakes. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is West Lakes affordable to buy in?
A median house in West Lakes costs about 17.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is West Lakes's population growing?
The population of West Lakes has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is West Lakes from the CBD?
West Lakes is about 11 km from the CBD.
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