The lake gardens median house price as of the second quarter of 2025 is approximately $602,000. This figure marks a significant decrease with a quarterly drop of 19.9% and a year-over-year decline of 14.2% according to DataVic and REIV data via our CRM.

• Lake Gardens median house price fell to $602,000 in Q2 2025.
• The median price recorded a quarterly decrease of 19.9%.
• A year-over-year analysis shows a 14.2% decline.
• Lake Gardens has a population of 1,801 with a median age of 51.0.
• Median household income is $1,534 per week, per ABS Census.

What do the numbers say in Lake Gardens?

Lake Gardens, a serene suburb with a population of 1,801 according to ABS Census 2021, offers a community characterized by its older demographic with a median age of 51.0 years. The economic landscape here displays a median household income of $1,534 per week and a median rent of $360 per week, providing a balanced lifestyle option for many.

The current median house price of $602,000 places it as a competitive choice among nearby suburbs. For context, Taylors Lakes and Lake Wendouree offer comparable markets, each with their own dynamics.

What are the key considerations?

Considering the steep quarterly (-19.9%) and annual declines (-14.2%) in median prices, prospective buying and investing in Lake Gardens could mean taking advantage of a buyer’s market. Investors should weigh the balance between the cost-per-square-meter and potential rental yields, supported by a median rent of $360, which can offer solid returns relative to property value.

For those selling in Lake Gardens, understanding market timing and positioning is crucial to maximize sale outcomes in a softening market. Utilizing experienced local agents like those at Collings Real Estate can offer insights and strategies tailored to each owner’s needs. For appraisal and strategic sales advice, it is beneficial to request a free property appraisal.

How does Collings help?

Collings Real Estate provides unparalleled local expertise in the Lake Gardens area, offering services that extend from property appraisals to sales strategies aimed at maximizing property value. Situated at 230 Waterdale Road, Ivanhoe, VIC, our team can be reached at 03 9486 2000 or via email at info@collings.com.au.

With access to the latest property data and insights, we guide buyers and sellers through every aspect of real estate transactions. Leverage our expertise for informed decision-making and visit our off-market portal for exclusive listings.

Frequently asked questions

Lake Gardens in 2026 presents a dynamic environment for real estate; therefore, understanding market trends is vital. Below we address common queries: