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Lakemba Suburb Insights
VICLocation Information
Suburb Name
Lakemba, VIC
Distance from CBD
15.9 kmDemographics
Population
17,023
Median Income
$22,204
Area Information
Area
2.19 km²
Population Density
7773 people/km²
Property Market
Median Price
$904,701
Annual Growth
+14.8%Property Price Trend Analysis
Current Median Price
$904,701
Annual Growth
+14.8%
Quarterly Growth
+4.9%
Price Trends - Last 6 Months
2024-01
$459,418
+5.2%2024-02
$778,591
+11.9%2024-03
$396,104
+12.7%2024-04
$953,381
+12.2%2024-05
$1,069,371
+12%2024-06
$1,162,768
+18.4%Property Type Price Analysis
House
Median Price
$1,239,514
Growth Rate
+13%Available Listings
316 properties
Apartment
Median Price
$450,639
Growth Rate
+16.5%Available Listings
518 properties
Townhouse
Median Price
$580,866
Growth Rate
+13.9%Available Listings
235 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy