Lakemba is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2195). With a population of 17,092, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $64K per year, with an average household size of 3.1 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are Indian, Australian, English.
The median house price in Lakemba is $95,000, having dropped significantly 93.6% over the past year. Units have a median price of $540,000 (+4% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 28.5%. The median monthly mortgage repayment is $1,712.
Lakemba is served by 7 schools, including 4 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 1 rail station, 54 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Lakemba offers a gross rental yield of 28.5%, rated as high yield. Property prices sit below the state median ($95K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.5x is considered affordable. House prices have moved -93.6% year-on-year.
Lakemba is a well-established suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2195). With a population of 17,092, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $64K per year, with an average household size of 3.1 people. The most common occupations are professionals, labourers, community & personal service. The top ancestries reported are Indian, Australian, English.
The median house price in Lakemba is $95,000, having dropped significantly 93.6% over the past year. Units have a median price of $540,000 (+4% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 28.5%. The median monthly mortgage repayment is $1,712.
Lakemba is served by 7 schools, including 4 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 1 rail station, 54 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Lakemba offers a gross rental yield of 28.5%, rated as high yield. Property prices sit below the state median ($95K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.5x is considered affordable. House prices have moved -93.6% year-on-year.