Lake Gardens is a small community in Victoria within the Ballarat local government area (postcode 3355). With a population of 1,801, the suburb has a mature demographic with a median age of 51. Households earn a median income of $80K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Gardens is $745,000, having declined 5.1% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,733.
Lake Gardens is served by 2 schools, including 1 secondary, 1 special. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Lake Gardens offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($745K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved -5.1% year-on-year.
Lake Gardens is a small community in Victoria within the Ballarat local government area (postcode 3355). With a population of 1,801, the suburb has a mature demographic with a median age of 51. Households earn a median income of $80K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Gardens is $745,000, having declined 5.1% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,733.
Lake Gardens is served by 2 schools, including 1 secondary, 1 special. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Lake Gardens offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($745K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved -5.1% year-on-year.