Lot 60 Stage 4, Lakelands WA 6180 – The Gardens Estate

$569,000

  • 4
  • 2
  • 2
  • 375m²
  • H & L

Lakelands, Western Australia, beckons savvy property investors with its strong capital growth, high demand for housing, and proximity to amenities. Seize the opportunity for robust returns in this flourishing real estate market.

Impressive Growth:

  • Lakelands has shown remarkable growth, with a significant 10.1 percent increase in median house prices over just six months, reaching $415,000.
  • Over the past year, the suburb has achieved a commendable 3.8 percent increase, demonstrating its resilience in a challenging market.

Contrasting Trends:

  • This success story stands in stark contrast to the overall median house price trend in Perth, which has witnessed a 2 percent drop during the same period and a 3.8 percent decrease over the past year.

Appealing Location:

  • Lakelands’ prime location offers residents the best of both worlds: it’s just minutes from the beach and provides easy access to Perth via the Freeway and Mandurah train line.

Community Amenities:

  • Lakelands boasts stunning views over landscaped parklands, proximity to schools, and access to all the amenities in Mandurah and Rockingham.
  • The local Lakelands Town Centre adds to the convenience, making it a well-rounded and self-sufficient community.

Growing Demand:

  • The suburb is witnessing a surge in demand, with builders offering new homes with higher specifications, attracting young buyers and contributing to the rising property prices.

Future Prospects:

  • The recently announced Peel Development Commission’s Transform Peel initiative is set to bring further economic growth to the region. This multi-million dollar plan, including the development of a food and innovation zone at Nambellup, located just 15 minutes from Lakelands Private Estate, is expected to create thousands of jobs and enhance the demand for homes in the area.

Lakelands is not only a success story in the Perth real estate market but also a beacon of opportunity for both existing homeowners and potential investors. Its growth, prime location, and promising future prospects make it a compelling choice for those looking to invest in a flourishing community with a bright outlook.

Overview

  • $635.35/m

  • 13.18%

  • 5.76%

  • 0.38%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area185 m²
Build price$364,000
Land price$205,000
Title StatusOctober 2023
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$40/m
Tax depreciation*$718/m
Rental Income*$2730/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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