Located in New South Wales within the Canterbury-Bankstown local government area, Lakemba is a settled mid-to-large suburb (postcode 2195). It is home to about 17,092 residents, with a blend of families and working-age professionals and a median age of 32. Households earn a median income of $64K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, labourers, community & personal service. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are Indian, Australian, English.
Median house prices in Lakemba stand at $1.4 million, having declined by 5.3% over the last twelve months. Units have a median price of $520,000 (+2% YoY). The current median weekly rent is $552. This gives a gross rental yield of approximately 2.0%. 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 2,302 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.0%, which reads as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 22.3x is considered stretched. House prices have moved -5.3% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.