Question 1

Is Lake Gardens a nice place to live?

Accepted Answer

Lake Gardens is a quiet, leafy Ballarat suburb centred on the city’s Botanic Gardens and the lakeside reserve around Lake Wendouree. Tree-lined streets of period cottages, weatherboard villas and modest modern homes give it a settled, domestic character. Locals make regular use of the extensive parkland, walking and cycling paths, playgrounds and sporting fields by the lake, and nearby shops and cafés cover everyday needs. It suits people who value green space and a relaxed neighbourhood atmosphere, with straightforward access to Ballarat’s schools, services and cultural attractions.

The community of 1,801 has a median age of 51 and is weighted towards couple families; just over seven in ten homes are held by owner-occupiers while around 29.0% are rented. Council-led work in the area ranges from park and aquatic centre upgrades and an adopted master plan for the botanical gardens to an expansion of the specialist kindergarten that will add 20 extra places, plus concept work for a new Wendouree Library and Learning Centre. Whether Lake Gardens is right for you depends on the balance of green space, housing mix and planned local projects you want.

Question 2

Is it expensive to live in Lake Gardens?

Accepted Answer

House rents in Lake Gardens run to about $490 a week. Against a typical local household income of $1,534 a week as recorded at the most recent Census, that rent would take roughly 32% of a household's weekly income, which is a sizeable share. If you are renting rather than buying, that rent share is the figure that will matter most when weighing costs.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Lake Gardens a good place to invest?

Accepted Answer

House rents in Lake Gardens rose 5.8% over the past 12 months, a solid increase, while house values edged down 0.1% in the same period. That means rental income has been the stronger performer on the house side this year, and whether that balance fits your investment goals depends on what you want to achieve.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-0.1%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	31	N/A
Average rent Past 12 months	$490	N/A
Change in rent Past 12 months	5.8%	N/A

Get a property report and suburb profile for any property in Lake Gardens

Lake Gardens suburb profile

Lake Gardens property market performance

5 year median price trend for houses and units

Lake Gardens demographics

Suburbs near Lake Gardens

How does Lake Gardens compare to nearby suburbs?

Choose the right real estate agents in Lake Gardens

Get a head start and compare top local agents in Lake Gardens

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market