LAKELANDS MARKET SNAPSHOT – JUNE 2025

Sales
Lakelands recorded 373 residential sales in the 12 months to June 2025 — a 25% drop from the previous year’s exceptionally strong figures. Despite this, buyer demand remains solid, with the median house price now at $668,750, reflecting a 14.1% annual increase. Thirteen per cent of homes sold for $800,000 or more, while sales below $350,000 have virtually disappeared.

Land
Land sales remain a key part of the market, with 211 blocks sold this year. The median land price has jumped to $312,000 — up from $217,000 last year — driven by demand for affordable land and the area’s growing appeal among families and first-home buyers.

Listings
As of 30 June, 16 properties were listed for sale — a 129% increase on last year, but still modest by historical standards. Homes are selling quickly, with a median of 15 days on market. Most buyer activity continues to be focused on 3- and 4-bedroom homes.

Rentals
Leasing activity has nearly doubled, with 216 leases recorded over the year — a 98% increase from the previous 12 months. The house median rent now sits at $620 per week, a 2.5% rise year-on-year. More than half of all rentals leased this year were priced at $600 or above per week.

Rentals Time on Market
The rental market remains competitive, with a median of 17 days to lease — slightly faster than last year. Demand is strongest for 3–4 bedroom family homes in the $550–$700 range.