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West Lakes Shore, SA 5020
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,325,000
market range $675K-$1.6M
Median Unit
$865,000
market range $775K-$950K
Gross Yield (houses)
3.0%
1yr Growth (houses)
+7.3%
market range +2.5% to +20.0%
Investment snapshot for West Lakes Shore
West Lakes Shore has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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West Lakes Shore market and investor summary
In West Lakes Shore, SA 5020, the median house sells for around $1.3M, on a gross rental yield of 3.0% for houses. House prices have moved +7.3% over the past year and +34.3% over three years. 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 3.0% 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. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in West Lakes Shore: people, income and schools
West Lakes Shore is home to around 3,236 people, a number that has held fairly steady over five years. At a median age of 48, it reads as skewed a little older, and 82% 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 $91,000 a year (about $1,760 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 14.5 times local household income, so affordability is a genuine constraint on local buyers.
Families have 19 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. West Lakes Shore sits about 13 km from the CBD. It is fairly car-dependent; the suburb scores 16 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,236
- +6% over 5yr
- Median age
- 48 years
- Median household income
- $91,000/yr
- Households renting
- 15%
- Family households
- 75%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 19
- avg ICSEA 1054
- Unemployment
- 2.8%
- Distance to CBD
- 13 km
- Walk score
- 16/100
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 Shore
View all →Frequently asked questions about West Lakes Shore
What should I check before investing in West Lakes Shore?
West Lakes Shore has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +7.3% in the past year shows positive recent price momentum. 3-year capital growth of +34.3% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in West Lakes Shore?
The median property price in West Lakes Shore, SA 5020 is $1.3M for houses and $865K for units.
What rental yield does West Lakes Shore show?
The gross rental yield in West Lakes Shore is 3.0% for houses. 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 Shore?
House prices in West Lakes Shore are up 7.3% over the past year and up 34.3% over three years. 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 Shore?
The current vacancy rate in West Lakes Shore 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 Shore?
West Lakes Shore has a population of approximately 3,236 residents, with a median age of 48.
What schools are near West Lakes Shore?
There are 19 schools within roughly 5km of West Lakes Shore. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is West Lakes Shore affordable to buy in?
A median house in West Lakes Shore costs about 14.5 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 Shore's population growing?
The population of West Lakes Shore 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 Shore from the CBD?
West Lakes Shore is about 13 km from the CBD.
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