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Lakemba

POSTAL CODE: NSW, 2195
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Based on its average 5-year and quarterly capital gains LAKEMBA, 2195 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that LAKEMBA, 2195 obtained a 5.27% growth over a ten-year period. It ranks 3069th on our list of suburbs that property investors should look into.

LAKEMBA, 2195 in NSW belongs to the local government area of Canterbury-Bankstown.

LAKEMBA, 2195 has a capital gain of -1.33% for the past year, which is lower than average compared to its 62.64% growth within a five-year period.

With the median home price in LAKEMBA sitting at $1,480,000, and the average rent at $680, property owners could potentially earn a 2.39% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in LAKEMBA are low, as opposed to average gains per annum over the past five years.

Surburb overview

Lakemba lies approximately twelve kilometres south‑west of the Sydney central business district and falls within the City of Canterbury‑Bankstown local government area.

The suburb recorded a population of 17,092 at the 2021 Census, with a median age of around 31 years, reflecting a young demographic profile.

Only about 32 per cent of residents were born in Australia, while Bangladesh (15 per cent), India (8.8 per cent), Pakistan (5.3 per cent), Myanmar (4.3 per cent) and Lebanon (3.4 per cent) were the most common countries of birth.

English only is spoken at home by just 16.6 per cent of residents, with Bengali (18.5 per cent), Urdu (13.2 per cent), Arabic (10.5 per cent) and Vietnamese (3.8 per cent) among the leading languages.

Islam was the most common religion at 61.2 per cent, followed by Catholic (8.8 per cent) and Eastern Orthodox (3.4 per cent).

Lakemba railway station lies on the Bankstown railway line and was closed on 30 September 2024 to allow conversion to Sydney Metro standards, with Metro North West & Bankstown services scheduled to resume by 2025, cutting CBD travel time from about 28 to 22 minutes during peak.

Bus routes, including the 450, connect Lakemba to Strathfield, Burwood, Roselands and Hurstville.

Essential establishments cluster around Haldon Street and Canterbury Road, where multicultural shops, grocery stores, specialty food outlets and places of worship, including the enormous Lakemba Mosque, serve residents.

Nearby parks include Parry Park, currently undergoing upgrades to include inclusive play spaces, picnic shelters and water play facilities.

Recreational activity options extend to community sports clubs such as the Lakemba Sports & Recreation Club, as well as tennis, basketball, fencing, and parkour programs available locally for children and adolescents.

A long riverside walking and cycling trail along the Cooks River provides connectivity eastwards toward Botany Bay and northwards toward Olympic Park and Homebush Bay.

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