Get a property report and suburb profile for any property in Mawson Lakes

Mawson Lakes is a delightful suburb that offers a modern and vibrant lifestyle, making it a fantastic place to call home. With its picturesque lakes and innovative urban design, the suburb provides a serene and harmonious environment that appeals to families and professionals alike. The community vibe is welcoming and lively, with a diverse mix of residents who enjoy the blend of residential, educational, and commercial spaces. The suburb's proximity to Adelaide's CBD, coupled with excellent public transport links, ensures that residents have convenient access to urban amenities while enjoying the tranquility of suburban life.

Families will find Mawson Lakes particularly appealing due to its family-friendly atmosphere and abundance of parks, walking trails, and playgrounds. The presence of the University of South Australia's Mawson Lakes campus adds an academic flair to the suburb, attracting students and academics and fostering a vibrant community spirit. Local shops, cafes, and dining options provide plenty of opportunities for leisure and socializing, enhancing the suburb's livability.

While Mawson Lakes offers a high standard of living, there are some trade-offs to consider. The suburb's modern infrastructure and ongoing commercial developments contribute to a dynamic environment, but this can also mean that property prices may be on the rise as demand increases. Additionally, while the suburb is well-connected to the city, those seeking a bustling nightlife may find the area quieter compared to inner-city locales. However, for those prioritizing a balanced lifestyle with access to nature and community amenities, Mawson Lakes is an attractive choice.

Living in Mawson Lakes can be seen as moderately expensive, especially when considering its location and amenities. The median house price is currently at $770,000, which is relatively high compared to other suburbs in the area. If you're looking at units, they are more affordable, with a median price of $491,000. For those considering renting, the average rent for houses is $620 per week, while units average around $500 per week.

When you compare these property costs with the average wage in Mawson Lakes, which is $78,000 per year, it becomes evident that a significant portion of income would be required to cover housing expenses. This is particularly true when you consider that the median total household income in Mawson Lakes is $1,940 per week, which is slightly above the average for South Australia. This suggests that while the area is not the most expensive, it does require a decent income to live comfortably.

Overall, Mawson Lakes offers a balance of modern living with its well-planned infrastructure and amenities. However, if you are thinking of living in Mawson Lakes, it's important to consider the cost of housing and how it fits into your financial plans, as it can be a bit of a stretch for those on an average income.

Mawson Lakes is shaping up to be a promising investment suburb, especially given its recent performance in the property market. Over the past year, the suburb has seen a significant increase in both house and unit values, with median house values rising by 10.7% and unit values surging by 16.7%. This indicates a strong demand for properties in the area, which is a positive sign for potential investors looking for capital growth.

In addition to property value appreciation, rental yields in Mawson Lakes have also been on the rise. Rents for houses have increased by 6.9%, while units have seen a 9.9% rise. This suggests a healthy rental market, making it an attractive option for investors seeking steady rental income. The suburb's appeal is likely bolstered by its modern infrastructure, proximity to educational institutions, and a community-oriented environment, which continue to draw in both renters and buyers.

Overall, Mawson Lakes offers a compelling mix of strong capital growth and rental yield potential. Its recent market performance, combined with its appealing lifestyle and amenities, makes it a solid choice for those looking to invest in real estate. While no investment is without risk, the current trends suggest that Mawson Lakes is well-positioned for continued growth and demand.