Question 1

Is South Lake a nice place to live?

Accepted Answer

South Lake sits in Perth’s south-west around a freshwater lake and adjoining wetlands, which give the suburb a green, open feel. It is mainly residential, with established single-storey brick homes alongside pockets of newer townhouses and infill, and it attracts families and people seeking practical everyday living. The community’s median age is 36 and about three in four homes are owner-occupied.

Local parks, playing fields and walking trails make it easy to get outdoors, while a modest shopping strip serves basic needs and larger retail hubs are close by. Public buses and major road links connect South Lake to surrounding suburbs and transport hubs. Recent and planned civic works include a completed underground power conversion, the Lakelands Hockey and Community Facility, council plans to repurpose the former leisure centre site, and proposed wastewater upgrades that would bring a new pipeline and pump station near the primary school. Whether that suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in South Lake?

Accepted Answer

At about $982,500 for a median house, buying in South Lake works out to roughly 10.8 times a typical local household's annual income as recorded at the most recent Census, which sits well above local incomes.

If you are renting, the average house rent of $700 a week would take about 40.2% of a typical local household's weekly income at the last Census, a large share of income. On these figures buying is far more stretched against local incomes, while renting still takes a sizeable portion of a typical local household's income.

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 South Lake a good place to invest?

Accepted Answer

House values in South Lake rose a strong 20.8% over the past 12 months, while house rents increased a solid 6.9% over the same period. The price change is the larger movement this year, and the rent figure is the one that matters if rental income is your priority.

Whether that balance makes South Lake right for your needs depends on your 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	$983K	N/A
Change in value Past 12 months	20.8%	N/A
Sold Past 3 months	18	4
Median days on market Past 12 months	11	41
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	6.9%	N/A

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