Lakelands

POSTAL CODE: NSW, 2282
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 20.35% capital gain.

Property investors in LAKELANDS enjoyed capital gains of 6% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,325,000.

Profits due to an upward trend in home prices there averaged 6.78% per annum over a 3-year period.

Home owners selling their properties and realtors in LAKELANDS usually have to wait an average of 25.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $870 mark, reflecting a 3.41% increase in returns based on the current median price in LAKELANDS.

LAKELANDS, 2282 places 273rd in Australia based on median property value growth during the quarter.

Surburb overview

Lakelands is a residential suburb in the City of Lake Macquarie, NSW, with postcode 2282, situated between Warners Bay, Cardiff South, Hillsborough and Macquarie Hills. The suburb is about 12 kilometres south-west of Newcastle’s central business district, with nearby roads providing connections to Charlestown, Cardiff and other parts of Lake Macquarie.

Lakelands has a relatively small residential population and consists predominantly of established suburban housing arranged around local streets and cul-de-sacs. Separate houses form much of the suburb’s accommodation, with parks and landscaped open spaces interspersed among residential areas.

Lakelands does not have a railway station, with nearby Cardiff Station providing passenger rail connections towards Newcastle, the Central Coast and Sydney. Bus services in Lakelands and surrounding suburbs provide connections with Cardiff, Warners Bay, Charlestown and other centres in the Newcastle and Lake Macquarie transport network.

There is no major school within Lakelands; primary and secondary education facilities are available in nearby Cardiff, Warners Bay, and surrounding suburbs.

Residents can access supermarkets, pharmacies, cafes and other everyday services in neighbouring Warners Bay and Cardiff. Charlestown Square, located several kilometres east of Lakelands, provides a larger concentration of retail, dining and service businesses.

Medical centres, pharmacies and allied healthcare providers operate in Warners Bay, Cardiff and Charlestown, while larger hospital facilities are available elsewhere in Newcastle and Lake Macquarie.

Lakelands lies a short distance from the northern reaches of Lake Macquarie, with Warners Bay providing direct access to the lakefront. Warners Bay Foreshore includes parks and a shared pathway for walking, running, and cycling along the lake. The foreshore also provides opportunities for picnicking and access to water-based activities such as kayaking, boating and fishing.

Local reserves and playgrounds within and around Lakelands provide additional space for informal outdoor recreation. Nearby Hillsborough and Warners Bay contain sporting grounds and recreation facilities, while the wider Lake Macquarie area offers bushland reserves, walking routes and lakefront open spaces.

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