Lakelands is a small community in New South Wales within the Lake Macquarie local government area (postcode 2282). With a population of 1,445, the suburb has an established demographic with a median age of 43. Households earn a median income of $120K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Lakelands is $745,000, having dropped significantly 40.4% over the past year. Units have a median price of $730,000 (+8.1% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 8 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Lakelands offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($745K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved -40.4% year-on-year.
Lakelands is a small community in New South Wales within the Lake Macquarie local government area (postcode 2282). With a population of 1,445, the suburb has an established demographic with a median age of 43. Households earn a median income of $120K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Lakelands is $745,000, having dropped significantly 40.4% over the past year. Units have a median price of $730,000 (+8.1% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 8 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Lakelands offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($745K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved -40.4% year-on-year.