Suburb Profile Report for Lakelands NSW (2282)

Lakelands House: Median price $705,000, Annual capital growth 4.57%, Number of sales 19, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Lakelands has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.02% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lakelands has increased when compared to the 5 year average annual rate.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Lakelands itself are offering an average vendor discount of -2.10% to real estate investors.

Residents and property investors in Lakelands have been waiting around 60.8 days to sell a property.

Situated 108.45km from the CBD, Lakelands is one of Lake Macquarie localities in the postcode 2282.

HOUSE UNIT
$705,000 N/A
-0.18% N/A
6.02% N/A
4.57% N/A
N/A N/A
19 N/A
N/A N/A
60.8 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1506
Median household income ($/weekly) 1928
Median age of persons 41
Median housing loan repayment ($/monthly) 1800
Average household size 3
  • Census Count Percent(%)
    5-14 years 237 15.7
    15-19 years 146 9.7
    35-44 years 183 12.1
    45-54 years 313 20.8
    55-64 years 191 12.7
    Others 437 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 694 61.0
    Not Married 398 35.0
    Defacto Relationship 46 4.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1273 87.3
    Papua New Guinea 18 1.2
    South Africa 14 1.0
    United Kingdom 49 3.4
    Other 17 1.2
    Others 88 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 1.7
    Christianity 1149 79.4
    Hinduism 26 1.8
    Other Religious Groups 13 0.9
    No Religion 232 16.0
    Others 4 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 33 7.5
    $1,500-$1,999 61 13.9
    $2,000-$2,499 57 13.0
    $2,500-$2,999 57 13.0
    $3,000-$3,499 49 11.2
    Others 182 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 499 42.3
    Not in the labour force 326 27.6
    Employed, worked part-time 285 24.1
    Employed, away from work 43 3.6
    Unemployed, looking for work 28 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 96 11.6
    Professionals 194 23.5
    Technicians & trades workers 99 12.0
    Clerical & administrative workers 153 18.5
    Sales 98 11.9
    Others 186 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 33 7.3
    Infants/Primary 137 30.1
    Secondary 151 33.2
    Technical or Further Educational Institution 36 7.9
    University or other Tertiary Institutions 86 18.9
    Others 12 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1346 92.3
    Semi-detached, row or terrace house, townhouse 112 7.7
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 217 45.7
    Fully owned 207 43.6
    Rented 51 10.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals