Thinking about buying in Lake Wells? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location. The aproximate distance to the coast is 532 Km.
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| Median Monthly Mortgage | $ |
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| Average Income | $ |
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| Average Properties Within 50M |
In Lake Wells there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Lake Wells 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. Low average earnings from people in Lake Wells leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Lake Wells to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
None within suburb boundary
(While the above schools are located with the suburb of Lake Wells 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 | 1.7 | 22.2 | 36.6 | 20.2 | 56.3 | 6.2 | 27.1 |
| Feb | 1.7 | 21.1 | 34.6 | 26.1 | 62.8 | 5.9 | 23.7 |
| Mar | 1.2 | 18.8 | 31.4 | 29.1 | 67.8 | 5.4 | 20.5 |
| Apr | 0.6 | 15.6 | 28.2 | 27.5 | 67.6 | 4.6 | 17.6 |
| May | 0.4 | 9.7 | 22.2 | 32.1 | 75.2 | 4.3 | 13.8 |
| Jun | 0.6 | 7.3 | 18.6 | 38.7 | 84.4 | 4.1 | 12.4 |
| Jul | 0.6 | 5.7 | 18.4 | 37.7 | 84.5 | 4.0 | 13 |
| Aug | 0.4 | 7.7 | 21.7 | 26.4 | 71.8 | 4.5 | 16.0 |
| Sept | 0.2 | 10.4 | 25.3 | 20.4 | 59.5 | 5.0 | 21.1 |
| Oct | 0.4 | 15.8 | 30.8 | 16.8 | 54.0 | 5.6 | 25.1 |
| Nov | 0.8 | 17.4 | 32.3 | 19.9 | 63.2 | 5.8 | 28.6 |
| Dec | 0.9 | 20.5 | 35.7 | 15.8 | 54.3 | 6.0 | 28.8 |
source: Australian Government Bureau of Meteorology
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