Suburb Profile Report for Lakelands NSW (2282)

Lakelands House: Median price $772,500, Annual capital growth 5.90%, Number of sales 31, Weekly median advertised rent $450

  • 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 9.57% to date .

Across a shorter period, Lakelands, 2282 has seen a median price increase of 5.68% over the last quarter.

Property investors looking for a bargain in Lakelands should be aiming for at least -3.61% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Lakelands the average time real estate has been on the market is 47.27 days.

With the median price for a house in Lakelands being $772500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.03%

Metrics i HOUSE UNIT
$772,500 N/A
5.68% N/A
9.57% N/A
5.90% N/A
$450 N/A
31 N/A
3.03% N/A
47.27 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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Recent sales & rentals