The Lake Gardens suburb profile reveals a serene residential area known for its lush landscapes, active community life, and a well-balanced demographic spread, making it an appealing choice for retirees and young families. With evolving market trends and significant lifestyle benefits, Lake Gardens presents itself as a prime destination for potential homeowners and investors.

• The median sale price in Lake Gardens is $602k, down 19.9% QoQ according to DataVic/REIV.
• ABS Census 2021 records the population at 1,801 with a median age of 51.0.
• The area features a median household income of $1,534/week and rent of $360/week.

What do the numbers say in Lake Gardens?

Lake Gardens offers a robust demographic profile and market statistics that are critical for understanding its real estate appeal. As per the ABS Census 2021, the suburb accommodates a population of 1,801 with a median age of 51.0 years. This older age profile is complemented by a median household income of $1,534 weekly, indicating a stable economic environment for its residents.

Market-wise, the recent DataVic/REIV report from the April to June 2025 quarter suggests that the median house price stands at $602k, reflecting a decrease of 19.9% quarter-over-quarter and 14.2% year-over-year. These statistics suggest a potential buying opportunity, particularly for those interested in investing in Lake Gardens.

What are the key considerations?

When exploring the Lake Gardens property market, a few critical factors should be considered. The decreasing trends in median housing prices might indicate short-term challenges but could also create long-term opportunities for wise investors. Moreover, with a median rent of $360 per week, rental investments remain viable.

The tranquility and family-friendly atmosphere make this suburb highly suitable for retirees and families seeking a peaceful setting. This complements nearby suburbs like Lake Wendouree and Wendouree, offering similar lifestyle benefits but at varying price points.

How does Collings help?

Collings Real Estate provides unparalleled expertise in the suburb intelligence of Lake Gardens. Whether you’re buying or investing, our team offers tailored strategies to meet your needs. Prospective buyers can gain access to exclusive insights through the Collings portal, enhancing their property search with off-market opportunities.

For personalized advice, potential investors are encouraged to talk to a Collings property strategist. You can reach us at 03 9486 2000 or email us at info@collings.com.au. We are located at 230 Waterdale Road, Ivanhoe, VIC 3079.

Frequently asked questions

• What is the population of Lake Gardens? The ABS Census 2021 records a population of 1,801.
• What is the current median house price? As of the April to June 2025 quarter, the median house price is $602k.
• What age group is predominant in Lake Gardens? The median age is 51.0, indicating an older residential demographic compared to some urban areas.

For more insights into the trends shaping Lake Gardens, visit the detailed profiles of nearby areas such as the Cobram suburb profile.