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Lake Gardens

POSTAL CODE: VIC, 3355
HOUSE

Property investors have seen a -2.93% drop in LAKE GARDENS based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LAKE GARDENS, 3355 saw average growth in the long term.

The VIC suburb also 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 $680,000

Profits averaged -3% per annum over a 3-year period, due to an downward trend in home prices in LAKE GARDENS, 3355.

This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

The gross rental yield in LAKE GARDENS, 3355 is 3.67%.

An average of 2.75 real estate transactions take place per month in LAKE GARDENS which translates to 33 per annum.

Surburb overview

Lake Gardens is a residential suburb in north-west Ballarat, located within the City of Ballarat local government area.

The suburb sits approximately 5 kilometres north-west of Ballarat’s central business district and about 115 kilometres north-west of Melbourne by road and rail.

It is positioned adjacent to Lake Wendouree and near the Western Freeway, providing road access to both Ballarat and Melbourne.

Developed primarily from the 1990s onwards, Lake Gardens is characterised by planned residential streets and landscaped public spaces.

At the 2021 Census, the suburb recorded a population of around 1,800 residents, reflecting moderate growth in line with Ballarat’s northern expansion.

The demographic profile includes families, professionals and older residents, with a relatively high rate of owner-occupation.

Housing consists predominantly of detached dwellings on suburban allotments, with some townhouses and low-density developments.

The suburb includes established schools, such as Ballarat Grammar, and is close to primary and secondary education providers.

Retail and medical services are accessed in nearby Wendouree and central Ballarat, where major supermarkets, shopping centres and health facilities are located.

Public transport options include local bus services connecting Lake Gardens to Ballarat railway station and the central business district.

Ballarat station offers regular V/Line train services to Melbourne’s Southern Cross Station, supporting regional commuting.

Recreational amenities are a defining feature of the suburb, with walking and cycling paths around Lake Wendouree, nearby sporting facilities and open parklands contributing to its residential appeal.

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