West Lakes Shore’s median house price is $1.3 million, up 5.7% annually, while the unit median sits at $800,000 after a 15.7% decline. Houses sell in about 42 days, with annual turnover of 37–57 sales, indicating a thin, tightly held market. House rents range $750–$782 weekly, units $560–$580, and gross yields are 3.0% for houses versus up to 4.3% for units, pointing to stronger investor interest in the apartment segment. Demand is led by high-income owner-occupiers favouring the established housing stock, but affordability constraints and rate sensitivity temper the outlook, especially for units.