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South Lake

POSTAL CODE: WA, 6164
HOUSE

Property investments in SOUTH LAKE fare well against the rest of the country last year, registering a median home price increase of 16.89%.

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

Based on its average 5-year and quarterly capital gains SOUTH LAKE, 6164 saw average growth in the long term.

Real estate investors could earn a rental income of $660 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 23.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $818,250.

SOUTH LAKE ranks 231st on the list of best yielding suburbs for rental properties in WA, posting a 4.19% return.

Surburb overview

South Lake is a suburb within the City of Cockburn, approximately 22 kilometres south of Perth's central business district. Established in the early 1980s, its name was approved in August 1982, reflecting its position south of North Lake.

According to the 2016 Census, South Lake had a population of 5,869 residents, a slight decrease from 5,971 in 2011. The predominant age group is 20–29 years, and households primarily comprise couples with children. The median household income was \$1,508 per week in 2016.

Public transportation in South Lake is serviced by Transperth bus routes, providing connections to nearby train stations and surrounding suburbs. The suburb's proximity to the Kwinana Freeway offers residents convenient access to Perth and other areas.

Essential establishments in South Lake include South Lake Primary School and Lakeland Senior High School. Lakeland Senior High School, established in 1990, is an independent public co-educational high day school offering specialised programs in music technology and touch football.

Facilities such as the Fremantle Hockey Club, which occupies a field hockey facility constructed west of the former South Lake Leisure Centre, support recreational activities in South Lake. The suburb also features 13 parks, covering nearly 15.7% of its area, providing residents with ample green spaces for outdoor activities.

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