Lakemba, NSW 2195: Suburb Profile & Property Report

Market Report

House report
Unit Report

Lakemba has 51 houses available for sale. The median property price for a house is currently $1,330,000 with annual capital growth of 15.40% . There were 51 house sales in the past 12 months. On average, houses spend 29 days on market.

If you're thinking about buying an investment property in Lakemba, consider that rental yields for houses are currently 3.14% with an average median rent of $700 weekly. Houses have seen 8.35% growth in the past quarter, and 15.40% growth in the past 12 months.

The size of Lakemba is approximately 2.2 square kilometres. It has 11 parks covering nearly 6.7% of total area. The population of Lakemba in 2011 was 15,507 people. By 2016 the population was 17,011 showing a population growth of 9.7% in the area during that time. The predominant age group in Lakemba is 30-39 years.

Households in Lakemba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lakemba work in a labourer occupation. In 2011, 44.9% of the homes in Lakemba were owner-occupied compared with 39.1% in 2016.

Lakemba has 215 units available for sale. The median property price for a unit is currently $427,500 with annual capital growth of 12.50% . There were 251 unit sales in the past 12 months. On average, units spend 25 days on market.

If you're thinking about buying an investment property in Lakemba, consider that rental yields for units are currently 6.07% with an average median rent of $520 weekly. Units have seen 4.27% growth in the past quarter, and 12.50% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,330,000	$427,500
Quarterly growth	+8.35%	+4.27%
12-month growth	+15.40%	+12.50%
Average annual growth	+9.11%	+1.91%
Weekly median rent	$700	$520
Gross rental yield	3.14%	6.07%
Number of Sales (12m)	51	251
Avg. Days on Market (12m)	29	25

Jump to Market Trends

Key Demographics	2011	2016
Total population	15,507	17,011
Population change (5y)	+7.18%	+9.70%
Median household income (p/w)	$863	$1,018
Household income change (5y)	+24.17%	+17.96%
Median age of persons	31	31

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Lakemba is $1,330,000 for houses and $427,500 for units.

The Median Growth in Lakemba over the past 12 months is 15.40% for houses and 12.50% for units.

Over the past 12 months there were 51 houses sold and 251 units sold in Lakemba. On average, houses spent 29 days on market and units spent 25 days on market.

In the past 12 months up to July 2024 there were 51 houses sold and 251 units sold in Lakemba. On average, houses spent 29 days on market and units spent 25 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Lakemba is $700 for houses and $520 for units.

The Rental Yield in Lakemba is 3.14% for houses and 6.07% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Lakemba was 17,011 in 2016, a +9.70% change compared to 2011.

The predominant age group in Lakemba is 30-39 years.

The population of Lakemba was 17,011 in 2016, a +9.70% change compared to 2011.

The predominant age group in Lakemba is 0-9 years.

Most of the population in Lakemba were born in Australia.

Most of the population in Lakemba were born in Others.

Most of the population in Lakemba report their religion as Islam.

Most of the population in Lakemba report their income range as between $33,000 and $52,000 .

The median household income in Lakemba was $1,018 in 2016, a +17.96% change compared to 2011.

Most of the population in Lakemba report their income range as between $31,000 and $52,000 .

The median household income in Lakemba was $863 in 2011, a +24.17% change compared to 2006.

Most of the population in Lakemba work as Labourer.

The chart below demonstrates the various levels of education in Lakemba.

Most of the population in Lakemba reached a qualification level of Bachelor.

2011 2016

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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