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Lakemba, NSW 2195

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lakemba, NSW 2195 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lakemba, NSW 2195”

  1. The total adult population (15 years or older) of Lakemba 2195 NSW is 12,864, with a median age of 32. Of those, 55.12% are married, 9.83% are divorced or separated, 31.20% are single and 3.88% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $5,140. The median monthly mortgage repayment for households in this suburb is $1,712 which is 33.31% of their earnings.

    Source: ABS Census Data (2021)

  2. Housing in the suburb of LAKEMBA, 2195 in NSW is currently going through interesting market dynamics. As per the data from Q3 2023, the suburb, which is home to an estimated 6,624 households, is showcasing certain market indices that potential investors might want to keep in mind.

    As an investor, you could expect to fetch an average price of $1,065,859 for houses in LAKEMBA, 2195. That said, the median weekly rent stands at $549, translating to an indicative yield of 2.68%. While the yield sits below the 3% threshold often considered attractive for cashflow-focused investors, the overall market trends might still offer potential opportunities.

    In terms of socio-economic standing, LAKEMBA scored 877 out of 1,217 on the IRSAD scale. This betokens a fair share of residents with decent access to economic resources and regular occupations.

    A slightly alarm-ringing figure could be the high renter to owner ratio at 57%, well above the preferred 30% limit. Similarly, the suburb also presents a high units to houses ratio, sitting at an elevated 80%. Both of these figures can denote a competitive rental market, potentially lowering the overall returns on property investments.

    It’s also crucial to gauge the affordability index, which sadly touches a challenging 81 years in LAKEMBA. This indicates that property ownership might be a distant dream for many residents given the current price trends and income levels.

    Moving onto supply metrics, LAKEMBA houses exhibit a stock on market Percentage of 0.54% and a comfortable inventory level of 2.51 months. The building approvals ratio is recorded at 0.48%. These figures contribute to a neutral supply trend in the region.

    Interestingly, the demand appears decent with houses staying on the market for just 29 days on average. Additionally, the extremely low vacancy rate, which factors in both houses and units, hits 0.16%. This indicates high demand in the rental market, a definite plus for prospective landlords.

    Lastly, the Buy Search Index, reflecting the public interest in the properties up for sale in the area, stands at 3. This is on the lower end of the spectrum but is still considered neutral and should not deter vigilant investors.

    Despite some of the metrics hovering around the edges of desirable values, LAKEMBA, 2195 still might present fitting opportunities for discerning real estate investors. The Relative Composite Score, developed by HtAG Analytics, can further simplify this ‘numbers game’, by providing a comprehensive market analysis based on over 80 metrics. This suburb is definitely worth keeping an eye on for its upcoming potential.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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