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Lakelands is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to live. Nestled in a picturesque setting, the suburb is characterized by its lush parks, tranquil lakes, and open spaces, providing residents with a peaceful lifestyle. The community vibe is warm and welcoming, with a strong sense of togetherness that is particularly appealing to families. The suburb's modern amenities, including schools and shopping centres, ensure that residents have everything they need close at hand.

For families, Lakelands is particularly attractive due to its excellent educational facilities, such as Mandurah Baptist College and Lakelands Primary School, which cater to the needs of growing children. The suburb's proximity to beautiful beaches and recreational areas offers ample opportunities for outdoor activities, making it ideal for those who enjoy an active lifestyle. Safety is generally not a concern, contributing to the overall peace of mind for residents.

However, living in Lakelands does come with some trade-offs. While the suburb provides a tranquil escape from the hustle and bustle of city life, it is located approximately 65km south of Perth, which may mean a longer commute for those working in the city. The recent opening of the Lakelands railway station has improved connectivity, making commuting more convenient, but it is still something to consider for those who need frequent access to Perth.

Overall, Lakelands offers a harmonious blend of natural beauty, community spirit, and modern living, making it a desirable place to call home. Whether you're a young family, a professional, or someone seeking a peaceful suburban setting, Lakelands provides a balanced lifestyle with the added charm of its scenic surroundings.

Living in Lakelands can be considered relatively expensive, especially when you look at the housing market. The current median house price is $706,000, which is quite significant. If you're planning to rent, the average rent for houses is around $610 per week. It's worth noting that there are no available units, which might limit options for those looking for more affordable housing.

When comparing the average wage in Lakelands, which aligns with the Western Australia state average of approximately $78,000 per year, it becomes clear that a significant portion of income would need to be allocated towards housing costs. The median total household income weekly in Lakelands is $1,804, suggesting that while the area might be manageable for dual-income households, it could be challenging for single-income earners.

Overall, while Lakelands offers a pleasant living environment, the cost of housing is a considerable factor to take into account. If you're thinking of living in Lakelands, it's essential to evaluate your financial situation to ensure it can accommodate the expenses associated with this suburb.

Lakelands is showing promising signs as a potential investment suburb, particularly for those interested in the housing market. Over the past 12 months, the median house value has increased by an impressive 13.4%, indicating strong demand and potential for capital growth. This growth suggests that the suburb is becoming more desirable, possibly due to its appealing lifestyle or improving infrastructure.

While the unit market hasn't seen the same level of growth, with no change in median value or rent, this could present an opportunity for investors looking to enter the market at a stable price point. The steady rental market for houses, with a 1.7% increase in rent, also suggests a consistent demand for rental properties, which is a positive sign for those seeking rental income.

Overall, Lakelands appears to be a suburb with solid investment potential, especially for houses. The significant increase in house values over the past year highlights its growing appeal, making it a suburb worth considering for investors looking for capital growth and stable rental returns.