Lake Gardens, VIC 3355
Compare Part of Ballarat
104.82 km
Distance from Melbourne CBD
13 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $360,000 | 0.0% | $260,000 | $618,000 | 32 |
| 2010 | $385,000 | +6.5% | $244,000 | $895,000 | 37 |
| 2011 | $458,000 | +15.9% | $275,000 | $885,000 | 40 |
| 2012 | $345,000 | -32.8% | $290,000 | $925,000 | 24 |
| 2013 | $460,000 | +25.0% | $295,000 | $765,000 | 33 |
| 2014 | $445,000 | -3.4% | $320,000 | $1,280,000 | 23 |
| 2015 | $460,000 | +3.3% | $317,500 | $660,000 | 24 |
| 2016 | $510,357 | +9.9% | $370,000 | $1,006,000 | 25 |
| 2017 | $477,000 | -7.0% | $325,000 | $910,000 | 23 |
| 2018 | $575,000 | +17.0% | $360,000 | $935,000 | 29 |
| 2019 | $555,000 | -3.6% | $390,000 | $1,045,000 | 44 |
| 2020 | $625,000 | +11.2% | $410,000 | $1,311,000 | 30 |
| 2021 | $710,000 | +12.0% | $420,000 | $1,437,512 | 40 |
| 2022 | $752,000 | +5.6% | $565,000 | $1,607,900 | 27 |
| 2023 | $785,000 | +4.2% | $560,000 | $1,750,000 | 37 |
| 2024 | $603,000 | -30.2% | $485,000 | $1,030,000 | 6 |
Median Sale Price
$770K
Based on 37 recorded sales within the last 12 months
Updated on 25 Apr 2024
Suburb Growth
-1.3%
Current Median Price: $770,000
Previous Median Price: $780,000
Based on 59 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $335 | 0.0% | $250 | $490 | 28 |
| 2012 | $330 | -1.5% | $290 | $525 | 30 |
| 2013 | $340 | +2.9% | $270 | $420 | 56 |
| 2014 | $330 | -3.0% | $280 | $430 | 39 |
| 2015 | $340 | +2.9% | $280 | $520 | 65 |
| 2016 | $350 | +2.9% | $290 | $500 | 68 |
| 2017 | $340 | -2.9% | $290 | $520 | 51 |
| 2018 | $375 | +9.3% | $295 | $450 | 44 |
| 2019 | $395 | +5.1% | $320 | $620 | 58 |
| 2020 | $400 | +1.3% | $295 | $750 | 49 |
| 2021 | $420 | +4.8% | $350 | $550 | 44 |
| 2022 | $440 | +4.5% | $325 | $710 | 48 |
| 2023 | $450 | +2.2% | $335 | $780 | 33 |
| 2024 | $460 | +2.2% | $370 | $650 | 11 |
Median Rent Price
$450
per week
Based on 32 recorded rent within the last 12 months
Updated on 25 Apr 2024
Rent Price Growth
+1.1%
Current Median Rent: $450
Previous Median Rent: $445
Based on 72 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $770,000
Current Median rent: $450
Based on 69 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Lake Gardens
Houses sold in Last 12 months ends 20 Apr 2024
$990K
Median Sale Price
100%
Clearance Rate
3/3
Sold/Reported
$1.09M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 1 | |
| $800 K - $1 M (Median Price Range) | 1 | |
| $400 K - $600 K | 1 | |
Similar Suburbs to Lake Gardens 3355
Based on median house sale price sold in last 12 months
Schools closest to Lake Gardens, VIC 3355
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Ballarat High School | STURT STREET WESTBallarat 3350 | Secondary | Government | 0.96 km |
| Wendouree Primary School | 1224 HOWITT STREETWendouree 3355 | Primary | Government | 1.02 km |
| Loreto College | 1600 STURT STBallarat 3350 | Secondary | Catholic | 1.25 km |
| Ballarat GrammarTop 100 | 201 FOREST STWendouree 3355 | Combined | Independent | 1.2 km |
| Yuille Park P-8 Community College Yuille Campus | Wendouree 3355 | Combined | Government | 1.99 km |
| St Patrick's College | 1431 STURT STBallarat 3350 | Secondary | Catholic | 1.94 km |
| Pleasant Street Primary School ( Ballarat) | 101 PLEASANT ST NORTHLake Wendouree 3350 | Primary | Government | 1.98 km |