Thinking about buying in Lake Mary? Now could not be a better time, with just 59 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,025,000 with prices in this suburb ranging from $912,000 to $1,679,000. Lake Mary is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $ |
Median Monthly Mortgage | $ |
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Average Income | $ |
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Average Properties Within 50M |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Lake Mary is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Lake Mary changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Lake Mary necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Lake Mary we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lake Mary a better buying opportunity than it may have been in the past.
422 LAKE MARY RD, LAKE MARY, QLD, 4703 | Offers over $699,000 Considered |
None within suburb boundary
(While the above schools are located with the suburb of Lake Mary there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 3.2 | 24.2 | 29.2 | 65.0 | 88.0 | 5.9 | 24.4 |
Feb | 7.5 | 23.4 | 29.0 | 63.7 | 91.1 | 5.4 | 22.5 |
Mar | 11.0 | 22.8 | 28.3 | 66.1 | 91.9 | 5.2 | 19 |
Apr | 2.6 | 20.1 | 26.8 | 62.8 | 91.0 | 4.5 | 18.5 |
May | 1.9 | 16.0 | 23.9 | 57.8 | 92.8 | 3.9 | 16.0 |
Jun | 1.1 | 13.2 | 22.0 | 57.3 | 93.0 | 3.5 | 14.4 |
Jul | 1.4 | 12.8 | 21.7 | 57.2 | 93.6 | 3.5 | 15.3 |
Aug | 0.4 | 12.9 | 22.9 | 54.6 | 92.4 | 3.7 | 18.1 |
Sept | 0.4 | 16.1 | 24.4 | 56.5 | 91.8 | 4.4 | 22.4 |
Oct | 1.8 | 19.4 | 26.3 | 59 | 87.5 | 5.1 | 24.5 |
Nov | 2.6 | 21.6 | 27.7 | 59.8 | 86.2 | 5.5 | 25.9 |
Dec | 3.7 | 23.2 | 28.8 | 62.7 | 87 | 5.4 | 26.5 |
source: Australian Government Bureau of Meteorology
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