All About Lakelands, Mandurah , WA 6180

Lakelands Real Estate Market Outlook

Thinking about buying in Lakelands? Now could not be a better time, with 3133 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $569,000 with prices in this suburb ranging from $175,000 to $1,866,000. Lakelands is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Lakelands due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Lakelands provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Lakelands to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Lakelands 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 Lakelands a better buying opportunity than it may have been in the past.

Instant Property Valuation

Lakelands, a suburb in Mandurah, Western Australia, has become an attractive location for both homebuyers and investors due to its serene environment and growing community infrastructure. Over recent years, the housing market in Lakelands has seen steady demand, encouraged by not only the beauty of its natural surroundings, including proximity to beaches and nature reserves, but also by ongoing developments in local amenities. Properties here range from newly built modern homes to established family residences, offering a variety of options for different buyer preferences. The development of Lakelands Shopping Centre and new schools has further enhanced the suburb’s appeal, making it a practical choice for families and professionals who desire a balanced lifestyle with both tranquility and convenience.

Living in Lakelands offers residents a unique blend of coastal and suburban life, where natural beauty meets modern living. The community is known for its friendly and welcoming atmosphere, with plenty of activities and facilities for families and individuals. Outdoor enthusiasts can enjoy the nearby parks, walking trails, and lakes, while the close proximity to Mandurah’s beaches makes it a haven for those who love the ocean. The area is well-connected, with public transport options like buses and the upcoming extension of the Mandurah rail line ensuring easy access to Perth and surrounding areas. With its combination of lifestyle, amenities, and strategic location, Lakelands offers a relaxed yet vibrant living environment perfect for those seeking a quieter suburban life without compromising on accessibility and convenience.

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