LAKELANDS MARKET SNAPSHOT – MAY 2025

Lakelands continues to attract strong interest from both buyers and renters, with steady growth across sales and rental prices. Despite a slight dip in transactions, demand remains high — particularly for houses and land.

HOUSE PRICES RISING

The median house price has jumped to $668,750 — up 16.5% year-on-year. Most sales ranged between $500,000 and $799,999, with over 11% above $800,000. Sales under $350,000 are now rare.

SALES

There were 420 residential sales in the past year — down slightly, but still active. Land led the way with 244 sales, followed by 174 house sales. Unit sales were minimal.

LISTINGS

Stock remains tight, with only six homes listed at the end of May — five of which were houses. Buyer competition remains strong.

LAND

Land values are on the rise, with the median price now sitting at $305,000. This increase highlights continued demand for new builds and future development opportunities in the area.

RENTALS

Rents have climbed to a median of $630 per week for houses, with more than half of all leases priced above $600. Leasing activity has surged, and homes are renting out quickly — averaging just 17 days on market.