LAKELANDS MARKET SNAPSHOT – OCTOBER 2025

Lakelands experienced a steady month in October with stable prices, low stock levels, and modest increases in rental activity. Land prices continued to show strong annual growth.

Sales
There were 13 residential sales recorded for the month, unchanged from September and 8.3 percent higher than the same time last year. The median house price rose slightly to $688,000, up 0.4 percent for the month and 6.4 percent year on year.

Listings
There were just 5 properties listed for sale at the end of October, down 16.7 percent from September and 66.7 percent lower than this time last year. Stock remains extremely tight across the suburb.

Land
There were 3 land sales recorded in October with a median price of $318,000. This reflects a 25.8 percent
increase compared to last year. Land sold in a median of 8 days, and 3 blocks were listed for sale at the end of the month, double the listings from September.

Sales Time on Market
Houses sold in a median of 8 days, one day faster than the previous month. Land matched this speed, also moving in 8 days. Sales remain fast across all property types.

Rentals
Rental activity rose in October with 16 leases signed, up 14.3 percent from September. The median rent
increased to $625 per week for houses and remained at $375 per week for units.

Rental Time on Market
There were 6 rental properties listed at the end of October, down 60 percent from September. Homes leased in a median of 15 days, one day faster than last month, continuing the trend of quick rental turnover in the area.