Question 1

Is Lakelands a nice place to live?

Accepted Answer

Lakelands is a residential lakeside suburb in the Lake Macquarie area with a quiet, suburban character. Streets are dominated by modern single-family homes, pocket reserves, established trees and walking paths that suit an outdoor lifestyle. The lake and nearby foreshore amenities at Warners Bay are readily accessible, while local shops, cafes and coastal recreation are a short drive away. Arterial roads provide straightforward links to Newcastle and surrounding centres.

It is a community of 1,445 people with a median age of 43 and a median household income of $2,315 a week (roughly $120,380 a year). Families make up the bulk of households and most homes are owner-occupied (45.5% owned outright and 44.1% with a mortgage). Council planning work on flood and drainage management is under way, and local projects include shared pathways, open space improvements and the Lakelands Tennis Courts on Medcalf Street, which is also served by nearby bus stops. Whether Lakelands suits you will depend on the kind of suburban, lakeside lifestyle you want.

Question 2

Is it expensive to live in Lakelands?

Accepted Answer

A house rented for about $770 a week in Lakelands would take roughly a third of a typical local household's weekly income as recorded at the most recent Census ($770 / $2,315 ? 33.3%). On these figures, that is a sizeable share of income, so renting a house here would take up a sizeable portion of what a typical local household earned at the last Census.

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 Lakelands a good place to invest?

Accepted Answer

House values in Lakelands rose a modest 2.6% over the past 12 months. That change measures capital growth for houses over the year, so if capital gain is your main goal this is the figure that speaks to it; whether that matches your plans depends on your own goals and circumstances.

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	2.6%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$770	N/A
Change in rent Past 12 months	N/A	N/A

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