Thinking about buying in South Lake? Now could not be a better time, with 2634 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $618,000 with prices in this suburb ranging from $289,000 to $1,866,000. South Lake is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $366.73 |
Median Monthly Mortgage | $1662.64 |
Median Persons Per Bedroom | 0.75 |
Average Household Size | 2.73 |
Average Age | 36.73 |
Average Income | $815.27 |
Average Cars Per Dwelling | 1.95 |
Average Properties Within 50M | 10 |
1 Bed  $605,000 |
2 Bed  $527,000 |
3 Bed  $573,000 |
4 Bed  $691,000 |
5 Bed  $716,000 |
6 Bed+$609,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in South Lake are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in South Lake leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. High density population in South Lake requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
16 ploughshare pl, south lake, wa, 6164 | 4 | 2 | 2 | UNDER CONTRACT |
South Lake Primary School
Lakeland Senior High School
Bibra Lake Primary School
Emmanuel Catholic College
Mater Christi Catholic Primary School
Blue Gum Montessori School
Divine Mercy College
Yangebup Primary School
Perth Waldorf School
(While the above schools are located with the suburb of South Lake there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.6 | 17.5 | 32.2 | 28.4 | 76.5 | 5.5 | 28.9 |
Feb | 0.7 | 17.8 | 32.2 | 31.1 | 78.3 | 5.2 | 25.4 |
Mar | 0.6 | 16.3 | 30.1 | 33.2 | 81.4 | 4.7 | 20.6 |
Apr | 1.1 | 12.9 | 26.2 | 39.0 | 89.3 | 3.7 | 15.2 |
May | 3.1 | 9.1 | 22 | 43.2 | 93.5 | 3.5 | 12.0 |
Jun | 4.2 | 8.3 | 19.6 | 47.4 | 95.0 | 3.8 | 10.2 |
Jul | 5.6 | 8.2 | 18.4 | 49.3 | 96.8 | 3.9 | 10.2 |
Aug | 4.3 | 7.4 | 18.6 | 50.1 | 97.1 | 4.0 | 12.8 |
Sept | 3.0 | 8.7 | 20.4 | 47.2 | 95.4 | 4.4 | 17.6 |
Oct | 1.2 | 10.6 | 23.5 | 39.8 | 90.0 | 4.6 | 23.4 |
Nov | 0.8 | 13.2 | 27.0 | 33.1 | 86.2 | 5.0 | 27.5 |
Dec | 0.3 | 15.2 | 30.2 | 28.6 | 81.2 | 5.1 | 30.9 |
source: Australian Government Bureau of Meteorology
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