Taylors Lakes

POSTAL CODE: VIC, 3038

HOUSE

UNIT

TAYLORS LAKES ranks 103rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 3.7% for the past year is lower than average compared to its 20.99% growth within a five-year period.

Also in TAYLORS LAKES, the median home price is sitting at $980,000, and the average rent at $590, this suggests property owners could potentially earn a 3.13% increase in gross rental yield.

Property investors have seen a 2.08% gain in TAYLORS LAKES based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.51% growth over a ten-year period. It ranks 2942nd on our list of suburbs that property investors should look into.

TAYLORS LAKES, 3038 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $553,500.

Augmented property values in TAYLORS LAKES are trailing behind the VIC average of 3.88% for the past year.

Real estate investors could earn a rental income of $490 based on current median home prices for the suburb.

Home owners selling their properties and realtors in TAYLORS LAKES usually have to wait an average of N/A days before their assets are lifted off the market.

TAYLORS LAKES ranks 164th on the list of best yielding suburbs for rental properties in VIC, posting a 4.6% return.

TAYLORS LAKES, 3038 places 239th in Australia based on median property value growth during the quarter.

Surburb overview

Taylors Lakes is a suburb located approximately 20 kilometres north-west of Melbourne's Central Business District, within the City of Brimbank. According to the 2021 census, it has a population of 16,910 residents.

The suburb is predominantly residential, featuring various housing styles, including modern developments and established homes. The median property price for a house is currently $946,250, with an annual capital growth rate of 1.75%. Rental yields for houses are around 3.15%, with a median weekly rent of $585.

Public transportation in Taylors Lakes includes the Watergardens railway station, providing access to Melbourne's rail network. Several bus routes also connect the suburb to neighbouring areas.

Essential amenities are accessible, with the Watergardens Town Centre offering supermarkets, retail stores, dining options, and a cinema. The area is also home to several schools, including Taylors Lakes Primary School and Overnewton Anglican Community College.

Several parks and reserves within the suburb offer recreational opportunities. Taylors Creek Linear Park features walking and cycling paths, playgrounds, and open spaces for various outdoor activities. The suburb is also home to sports clubs, including the Taylors Lakes Football Club, which competes in the Essendon District Football League.

Taylors Lakes offers a suburban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$980,000	$553,500
Growth Report
Median Quarterly	2.08%	-0.14%
Median 12 month	3.7%	-2.68%
Median 3 years	6.46%	-0.63%
Median 5 years	20.99%	0%
10 years average annual	5.51%	5.41%
Weekly media advert. rent	$590	$490
Time on Market	54.4 days	N/A
Gross Rental Yield Percent	3.13%	4.6%

Demographics (Median Values)*

Total Population 27262

Weekly Household Income 1654

Household Size 3.00

Average Age 41

Monthly Loan Repayment 1647

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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