Fraud Blocker

Lake Gardens, VIC 3355

Home » VIC Real Estate Data » Ballarat City, VIC » Lake Gardens, VIC 3355

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 Lake Gardens, VIC 3355 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Lake Gardens, VIC 3355”

  1. The total adult population (15 years or older) of Lake Gardens 3355 VIC is 1,555, with a median age of 51. Of those, 54.98% are married, 9.97% are divorced or separated, 27.40% are single and 7.72% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,256. The median monthly mortgage repayment for households in this suburb is $1,733 which is 20.99% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, the suburb of Lake Gardens, also known as postcode 3355, is a charming locality consisting of approximately 891 households. As we progress into the third quarter of 2023, the typical pricing for the houses in this area stands at $780,460. Property investors can expect a median weekly rent of $437, providing an indicative yield of 2.91%.

    Despite being slightly below the desirable yield target of 3% for cash flow-centric investors, a deeper analysis of the area’s property dynamics may still offer potential opportunities. Various investment indicators underline the overall attractiveness of the Lake Gardens market.

    The suburb has a relatively high IRSAD score of 1038 out of 1217, indicative of robust socio-economic conditions with a population demonstrating good access to economic and social resources. Furthermore, a beneficial renter to owner ratio of 28% plays in favour of Lake Gardens, suggesting a balanced local property market as it falls well under the threshold of 30%.

    Additionally, Lake Gardens’ property market displays a units to houses ratio of 0%, suggesting a lack of saturation from rental-oriented dwellings such as flats, apartments, and units. This metric indicates less competition among landlords when seeking tenants, potentially ensuring stable, if not high rental yields.

    However, there may be worries around affordability. The locality indicates a hefty 37 years on the Affordability Index, quite a bit higher than the standard 30-year mortgage, reflecting a certain level of unaffordability in this area.

    The supply indicators demonstrate neutral conditions, with a stock on market Percentage at 0.47% indicating a moderate level of available properties and an inventory level of 2.09 months suggesting the area holds a comparatively balanced position in terms of supply.

    In terms of future stock supply, the building approvals Ratio stands at 0%, pointing towards a low supply of new residential buildings over the foreseeable future. Furthermore, properties typically spend 60 days on the market, indicating a moderate level of demand.

    The local market also boasts a favourable vacancy rate of 1.96%, revealing high tenant demand. Lastly, the buy search index at 4 signifies slightly neutral demand for properties in Lake Gardens.

    Understanding these nuanced real estate metrics in Lake Gardens is key in making balanced, informed decisions for a long-term property portfolio. Investors should maintain a vigilant approach, keep an eye on the trends and remember that even though one or two metrics may skew towards unfavourable, the overall property market dynamics can still present positive investment opportunities. Consider using comprehensive tools such as HtAG Analytics’ Relative Composite Score, which integrates over 80 metrics to streamline your property market research.

    In conclusion, Lake Gardens presents a blend of positive socio-economic conditions, balanced supply-demand dynamics, and affordability challenges. Its potential for long-term gains makes it worth considering for a discerning property investor.

    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.

Leave a comment