LAKELANDS PROPERTY MARKET UPDATE – FEBRUARY 2026

Lakelands continues to grow rapidly as a popular suburb for families and commuters. With a train station,
schools, shopping centre and new housing developments, the suburb has become a key growth corridor in Mandurah.

SALES
A total of 12 properties sold, with the median price reaching $731,000, representing 10.4% annual growth.

LISTINGS
There were 11 properties listed for sale, reflecting increased supply compared with previous months.

LAND
Land values remain steady with a median land price of $321,000.

SALES TIME ON MARKET
Homes sold quickly with a median selling time of 7 days, highlighting strong demand.

RENTALS
Rental demand continues to rise with 26 properties leased and a median weekly rent of $620.