LAKELANDS MARKET SNAPSHOT – SEPTEMBER 2025

Lakelands experienced a quieter September, with reduced sales and leasing activity, but prices held firm and time on market remained low across both sales and rentals.

Sales
There were 11 residential sales recorded during the month, down from August and 15.4 percent lower than the same time last year. The median house price held steady at $685,000, reflecting annual growth of 8.4 percent.

Listings
Only 5 properties were listed for sale at the end of September, marking a 28.6 percent drop from August and showing how tight the supply remains across the suburb.

Land
One land sale was recorded in September, with a median price of $320,000. Just one block was listed for sale at month’s end, suggesting limited development activity and a focus on established homes.

Sales Time on Market
Houses sold in a median of 7 days, unchanged from August and still indicating strong buyer competition. Land sold in a median of 7 days as well, showing quick turnaround for the limited stock available.

Rentals
Rental activity slowed during the month, with 13 leases signed for houses and 1 for a unit. The median house rent rose slightly to $620 per week, while the single unit leased at $375 per week.

Rental Time on Market
There were 15 rental listings available at the end of September, up from August. Homes leased in a median of 16 days, while the unit leased in just 6 days, showing quick movement for well-priced properties.