Lakelands Growth in Real Estate

Lakelands Real Estate Growth in 12 months

Exploring the Exquisite Growth of Lakelands Suburb in Western Australia’s Real Estate Landscape

Western Australia is known for its breathtaking landscapes and vibrant urban communities. Among the many emerging suburbs in this region, Lakelands stands out as a prime destination for those seeking an idyllic lifestyle coupled with excellent real estate opportunities. With its scenic lakes, well-planned infrastructure, and a range of amenities, Lakelands has witnessed remarkable growth in recent years. In this article, we delve into the captivating story of Lakelands and explore its ascent as a thriving real estate market in Western Australia.

  1. Location and Scenic Beauty

Nestled in the picturesque Peel region, just south of the bustling city of Mandurah, Lakelands boasts an enviable location with easy access to pristine beaches, natural reserves, and vibrant urban centers. The suburb is characterized by its stunning lakes, including Lake Goegrup, Lake Walyungup, and Lake Cooloongup, which add a sense of tranquility and natural beauty to the area. The mesmerizing vistas, complemented by green spaces and landscaped parks, create an appealing environment for residents.

Lakelands 12-month figures

Image from: as of 19/05/2023

According to the most recent data from REIWA (Real Estate Institute of Western Australia), the thriving suburb of Lakelands in Western Australia has undergone incredible growth and development. The booming real estate market in the suburb is illustrated by the following numbers:

  1. Sales Growth: The increased demand for houses in the area has resulted in an exceptional sales growth of 9.6% over the last 12 months in Lakelands. This increase in sales activity demonstrates the suburb’s appeal to both investors and homebuyers.
    (Source: REIWA – Lakelands)
  1. Median House Sale Prices: The median house sale prices in Lakelands have risen to $458,000, underscoring the suburb’s growing popularity and the value placed on its attractive location, amenities, and community infrastructure.

(Source: REIWA – Lakelands)

  1. Rental Growth: Lakelands has experienced a substantial rental growth of 16.5%, indicating a rising demand for rental properties in the suburb. This trend showcases the attractiveness of Lakelands as a desirable location for tenants seeking a high-quality lifestyle.

(Source: REIWA – Lakelands)

  1. Median Rental Price: The median rental price in Lakelands has surged to $530, reflecting the increasing rental demand and the value placed on the suburb’s amenities, connectivity, and overall livability.

(Source: REIWA – Lakelands)

Upcoming train station

In addition to the remarkable growth in real estate, Lakelands is set to further enhance its connectivity and accessibility with the completion of the Lakelands train station on the 11th of June according to METRONET. This new transportation hub will provide residents with even greater convenience and seamless connectivity to surrounding areas, further enhancing the suburb’s appeal and potential for future growth.

Lakelands continues to establish itself as a sought-after destination for homebuyers, investors, and tenants alike. Its impressive sales growth, rising median house prices, rental growth, and upcoming train station highlight the suburb’s vibrant real estate market and its promising future prospects.

how much is your property worth?

If you’re a current homeowner in Lakelands or considering investing in the suburb, it’s essential to stay informed about the value of your property. To get a comprehensive and up-to-date appraisal, we recommend reaching out to David Beshay, a reputable and experienced real estate professional. David specializes in the Lakelands area and can provide you with valuable insights and guidance.

Contact David Beshay today for a free, personalized appraisal that takes into account the latest market trends and factors specific to Lakelands. Knowing the current value of your property is crucial for making informed decisions about selling, refinancing, or investing.

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