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Lake Gardens, VIC 3355
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$710,000
market range $650K-$825K
Median Unit
$395,000
list-price estimate
Gross Yield (houses)
3.6%
1yr Growth (houses)
+8.1%
market range +0.0% to +22.5%
Investment snapshot for Lake Gardens
Lake Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lake Gardens market and investor summary
In Lake Gardens, VIC 3355, the median house sells for around $710K, on a gross rental yield of 3.6% for houses. House prices have moved +8.1% over the past year. At 2.2% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet.
Living in Lake Gardens: people, income and schools
About 1,801 people live in Lake Gardens, a number that has held fairly steady over five years. At a median age of 51, it reads as an older, established demographic, and 70% of homes are owner-occupied.
The typical household income runs to around $80,000 a year (about $1,530 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 39 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 16 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 1,801
- +1% over 5yr
- Median age
- 51 years
- Median household income
- $80,000/yr
- Households renting
- 29%
- Family households
- 69%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 39
- avg ICSEA 1000
- Unemployment
- 6.7%
- Walk score
- 16/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lake Gardens
View all →Frequently asked questions about Lake Gardens
What should I check before investing in Lake Gardens?
Lake Gardens has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +8.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lake Gardens?
The median property price in Lake Gardens, VIC 3355 is $710K for houses.
What rental yield does Lake Gardens show?
The gross rental yield in Lake Gardens is 3.6% for houses and 2.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Lake Gardens?
House prices in Lake Gardens are up 8.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Lake Gardens?
The current vacancy rate in Lake Gardens is 2.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Lake Gardens?
Lake Gardens has a population of approximately 1,801 residents, with a median age of 51.
What schools are near Lake Gardens?
There are 39 schools within roughly 5km of Lake Gardens. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lake Gardens affordable to buy in?
A median house in Lake Gardens costs about 8.9 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Lake Gardens's population growing?
The population of Lake Gardens has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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