Median priceⓘLast 12 months
531kk
↑ +0.5% YoY
Lake Gardens, VIC 3355
Property data updated ·1,801 residents
Last 12 months snapshot
43 sales · 32 leases · Refreshed July 2026
Lake Gardens property market
House sales lead Lake Gardens, with 40 sales at around $701k (flat) as of July 2026, taking about 30 days to sell (up a lot from 18 days last year), with 4-bedroom and 3-bedroom about even at around 50% each.
House rentals are close behind, with 31 leases at $490 a week (up), renting out in about 17 days (down from 19 days last year), just under half of homes are 4-bedroom. Then come 3 unit sales at around $599k and 1 unit rentals at $495 a week.
Middle-incomeOlder communityMostly owners
Who lives hereA middle-income, mostly owner-occupied, older-leaning suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census · ABS 2021
Lake Gardens demographics & population
Population
1,801
Median age
51yrs
Avg household
2.3people
Male · Female
46% · 54%
Owner-occupied
50%
Renting
50%
Lone person
50%
Couples, no kids
50%
Born overseas
50%
Year 12+ⓘ
50%
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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Census · ABS 2021
Who lives in Lake Gardens?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Age & sex1,223 residentsMaleFemale
Share of all residents by 5-year band · hover a band for the count + split
Life stage
50%
50%
50%
50%
50%
50%
Children0–1450%Youth15–2450%Young adults25–3450%Midlife35–5450%Mature55–6450%Seniors65+50%
Household composition
50%
50%
50%
50%
50%
Lone person50%Couples, no kids50%Families with kids50%Other families50%Group / share50%
1.8 people / household0.5 persons / bedroom50% are 5+ person
Household sizepersons per dwelling
50%1
50%2
50%3
50%4
50%5
50%6+
Cultural make-upshare of residents · diversity = odds two differ
Born overseasⓘResidents born outside Australia, as a share of those who stated a birthplace.50%
Other language at homeⓘResidents who mainly speak a language other than English at home — counts the language used, not how well English is spoken.50%
Limited EnglishⓘResidents who speak English “not well” or “not at all”. A language-barrier measure, not bilingualism — many who speak another language at home still speak English well.50%
Both parents overseasⓘResidents whose mother and father were both born overseas — the Australian-born-to-migrants “second generation”, distinct from being born overseas yourself.50%
Australian citizensⓘResidents who are Australian citizens — both Australian-born and people who have since naturalised.50%
Birthplace diversity19%
Chance two random residents were born in different countries
Language diversity14%
Chance two random residents speak different languages at home
Religious diversity44%
Chance two random residents follow different religions
Where residents were borntop birthplaces
Afghanistan50%
Australia50%
Bangladesh50%
Bosnia & Herzegovina50%
Brazil50%
Cambodia50%
Canada50%
Chile50%
Languages at hometop languages
English only50%
Afrikaans50%
Arabic50%
Australian Indigenous50%
Cantonese50%
Mandarin50%
Other Chinese50%
Croatian50%
Ancestry% reporting · multi-response
Australian50%
Aboriginal/Torres Strait Islander50%
Chinese50%
Croatian50%
Dutch50%
English50%
Faith & belieftap Christianity
No religion50%
▸Christianity50%
Islam50%
Buddhism50%
Hinduism50%
Judaism50%
Other religions50%
Family originsparents’ birthplace
50%
50%
50%
Both parents overseas50%One parent overseas50%Both parents in Australia50%
A strongly multicultural community with deep migrant heritage.
When migrants arrivedshare of overseas-born
Before 198150%
1981-200050%
2001-201050%
2011-201550%
2016-202150%
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Housing & affordability in Lake Gardens
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Affordability at a glance
LowMedianHighPercentile
Median weekly rentⓘMiddle weekly rent paid by renting households.Bottom 47%Median weekly rent · $202/wk — typical: right around the median for Aussie suburbs.
Median monthly mortgageⓘMiddle monthly mortgage repayment among households with a mortgage.Bottom 34%Median monthly mortgage · $1,377/mo — below average: in the bottom 34%, lower mortgages than 66% of Aussie suburbs.
Rent stress (rent ÷ income)ⓘMedian weekly rent as a share of median weekly household income — a rough rental-affordability gauge. Higher = rent takes a bigger bite.Top 50%Rent stress · 50% — typical: right around the median for Aussie suburbs.
Mortgage stress (repay ÷ income)ⓘMedian mortgage repayment (converted to weekly) as a share of median weekly household income. Higher = repayments take a bigger bite.Top 50%Mortgage stress · 50% — typical: right around the median for Aussie suburbs.
High mortgage (≥$3k/mo)ⓘMortgaged households repaying $3,000 or more per month.Top 50%High mortgage · 50% — typical: right around the median for Aussie suburbs.
Social housingⓘHouseholds renting from a state housing authority or community housing provider.Top 50%Social housing · 50% — typical: right around the median for Aussie suburbs.
Unoccupied on census nightⓘDwellings recorded as unoccupied on Census night — holiday homes, between-tenant rentals, etc.Top 50%Unoccupied on census night · 50% — typical: right around the median for Aussie suburbs.
Large dwellings (4+ bed)ⓘOccupied dwellings with 4 or more bedrooms.Top 50%Large dwellings · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Bedrooms per dwellingshare of dwellings
50%0
50%1
50%2
50%3
50%4
50%5
50%6+
Who owns vs rentsoccupied dwellings
50%
50%
50%
50%
Owned outright50%Mortgage50%Renting50%Other50%
What’s built heredwelling types
50%
50%
50%
50%
House50%Townhouse50%Apartment50%Other50%
50% separate houses50% apartments50% high-rise
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Income & employment in Lake Gardens
Incomes, employment, and the occupation mix of the people who live here.
Income & work at a glance
LowMedianHighPercentile
Median personal incomeⓘMiddle weekly income of individuals aged 15+.Bottom 31%Median personal income · $418/wk — below average: in the bottom 31%, lower personal income than 69% of Aussie suburbs.
Median family incomeⓘMiddle weekly income of families.Bottom 41%Median family income · $1,751/wk — typical: right around the median for Aussie suburbs.
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
High earners (≥$2k/wk)ⓘResidents earning $2,000 or more per week.Top 50%High earners · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Occupations
LowMedianHighPercentile
Managers & professionalsⓘEmployed residents who work as managers or professionals.Top 50%Managers & professionals · 50% — typical: right around the median for Aussie suburbs.
Clerical & adminⓘEmployed residents in clerical and administrative jobs.Top 50%Clerical & admin · 50% — typical: right around the median for Aussie suburbs.
Community & personal serviceⓘEmployed residents in community and personal-service jobs — care, hospitality, security and similar.Top 50%Community & personal service · 50% — typical: right around the median for Aussie suburbs.
Sales workersⓘEmployed residents in sales jobs.Top 50%Sales workers · 50% — typical: right around the median for Aussie suburbs.
Technicians, trades & labourersⓘEmployed residents in technical/trade, machinery-operating and labouring jobs.Top 50%Technicians, trades & labourers · 50% — typical: right around the median for Aussie suburbs.
Household incomeheight = share of households · weekly
Personal incomeheight = share of residents 15+ · weekly
A typical household pulls in about 1.9× the typical individual — a multi-earner area.
Labour forceemployment status · residents 15+
50%
50%
50%
50%
50%
Employed full-time50%Employed part-time50%Employed (away/other)50%Unemployed50%Not in labour force50%
LowMedianHighPercentile
Full-time workersⓘResidents in the labour force who are employed full-time.Top 50%Full-time workers · 50% — typical: right around the median for Aussie suburbs.
Part-time workersⓘEmployed residents working part-time, of all employed.Top 50%Part-time workers · 50% — typical: right around the median for Aussie suburbs.
Unemployment rateⓘShare of the labour force (people working or actively looking) who are unemployed — not a share of all residents.Top 50%Unemployment rate · 50% — typical: right around the median for Aussie suburbs.
Not in labour forceⓘResidents 15+ neither working nor looking for work — retirees, students, carers.Top 50%Not in labour force · 50% — typical: right around the median for Aussie suburbs.
Labour-force participationⓘResidents 15+ who are in the labour force — working or looking for work.Top 50%Labour-force participation · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Census · ABS 2021
Getting around Lake Gardens
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Transport at a glance
LowMedianHighPercentile
Public transport to workⓘCommuters who travelled to work by train, bus, ferry or tram, of those who travelled.Top 50%Public transport to work · 50% — typical: right around the median for Aussie suburbs.
Walked or cycled to workⓘCommuters who walked or cycled to work, of those who travelled.Top 50%Walked or cycled to work · 50% — typical: right around the median for Aussie suburbs.
Worked from homeⓘEmployed residents who worked from home in the Census week — elevated by COVID in 2021.Top 50%Worked from home · 50% — typical: right around the median for Aussie suburbs.
No motor vehicleⓘHouseholds with no motor vehicle.Top 50%No motor vehicle · 50% — typical: right around the median for Aussie suburbs.
Vehicles per dwellingⓘAverage number of motor vehicles per household.Bottom 7%Vehicles per dwelling · 0.69 — among the lowest: in the bottom 7%, fewer vehicles per home than 93% of Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Journey to workamong commuters · top modes
Car (driver)50%
Car (passenger)50%
Train50%
Bus50%
Tram/light rail50%
Ferry50%
Walked50%
Vehicles per dwellingshare of households
50%0
50%1
50%2
50%3
50%4+
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Lake Gardens
1 school inside Lake Gardens, plus the closest options around it. Families can choose from 49 primary schools in Lake Gardens and its surrounds, and 12 high schools covering the secondary years. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
Within Lake Gardens1schools in the suburb itself
Primary schools49within 5 km · nearest 3.5 km
Secondary schools12within 5 km · nearest 3.5 km
Median ICSEA rank50thenrolment-weighted
What is ICSEA Rank?
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Nearby within58 schools
- Within Lake Gardens · 1Order by
- 1Ballarat Specialist SchoolGovernment · Special · Co-ed · Years U · Within suburbState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- Nearby · within 5 km · 57
- 2Ballarat Clarendon CollegeIndependent · Combined · Co-ed · Years Prep-12 · Ballarat · 3.5 kmState RankP Top 1%S Top 1%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 3Loreto CollegeCatholic · Secondary · Co-ed · Years 7-12 · Ballarat · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 4Ballarat GrammarIndependent · Combined · Co-ed · Years Prep-12 · Wendouree · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 5Ballarat Christian CollegeIndependent · Combined · Co-ed · Years Prep-12 · Sebastopol · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 6Ballarat Primary School (Dana Street)Government · Primary · Co-ed · Years Prep-6 · Ballarat · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 7St Francis Xavier SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ballarat East · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 8Haddon Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Haddon · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 9Mount Blowhard Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Blowhard · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 10Napoleons Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Napoleons · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 11St Augustine's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Creswick · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students271Multilingual50%ICSEA Rank50th
- 12Ballarat High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Lake Gardens · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 13Wendouree Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Wendouree · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 14Alfredton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Alfredton · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 15St Thomas More SchoolCatholic · Primary · Co-ed · Years Prep-6 · Alfredton · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 16St Patrick's CollegeCatholic · Secondary · Co-ed · Years 7-12 · Ballarat · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 17Pleasant Street Primary School (Ballarat)Government · Primary · Co-ed · Years Prep-6 · Lake Wendouree · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 18Yuille Park Community CollegeGovernment · Combined · Co-ed · Years Prep-12 · Wendouree · 3.5 kmState Rank—English—Maths—Students271Multilingual1%ICSEA Rank50th
- 19Newington Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ballarat · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 20Our Lady Help of Christians SchoolCatholic · Primary · Co-ed · Years Prep-6 · Wendouree · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 21Forest Street Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Wendouree · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 22St Patrick's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ballarat · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 23Lucas Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Lucas · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 24Siena Catholic Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Lucas · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 25Mount Rowan Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Wendouree · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 26Macarthur Street Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Soldiers Hill · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 27Lumen Christi SchoolCatholic · Primary · Co-ed · Years Prep-6 · Delacombe · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 28St Columba's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ballarat North · 3.5 kmState Rank—English—Maths—Students271Multilingual1%ICSEA Rank50th
- 29St Aloysius' SchoolCatholic · Primary · Co-ed · Years Prep-6 · Redan · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 30Ballarat North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ballarat · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 31Delacombe Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Delacombe · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 32Phoenix P-12 Community CollegeGovernment · Combined · Co-ed · Years Prep-12 · Sebastopol · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 33Black Hill Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ballarat · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 34Mount Pleasant Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ballarat · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 35St Alipius' Parish SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ballarat East · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 36Invermay Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Invermay · 3.5 kmState Rank—English—Maths—Students271Multilingual1%ICSEA Rank50th
- 37Canadian Lead Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ballarat East · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 38Sebastopol Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Sebastopol · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 39St James' SchoolCatholic · Primary · Co-ed · Years Prep-6 · Sebastopol · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 40Caledonian Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brown Hill · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 41Little Bendigo Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Nerrina · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 42Woodmans Hill Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Ballarat East · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 43Mount Clear Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Mount Clear · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 44Magpie Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Magpie · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 45Miners Rest Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Miners Rest · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 46Mount Clear CollegeGovernment · Secondary · Co-ed · Years 7-12 · Mount Clear · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 47Damascus CollegeCatholic · Secondary · Co-ed · Years 7-12 · Mount Clear · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 48Emmaus Catholic Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Mount Clear · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 49Warrenheip Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Warrenheip · 3.5 kmState Rank—English—Maths—Students271Multilingual1%ICSEA Rank50th
- 50Glen Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glen Park · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 51Ballarat Steiner SchoolIndependent · Primary · Co-ed · Years Prep-6 · Mount Helen · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 52Buninyong Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Buninyong · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 53Creswick Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Creswick · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 54Woady Yaloak Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Smythesdale · 3.5 kmState Rank—English—Maths—Students271Multilingual50%ICSEA Rank50th
- 55St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Clarkes Hill · 3.5 kmState Rank—English—Maths—Students271Multilingual1%ICSEA Rank50th
- 56Creswick North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Creswick · 3.5 kmState Rank—English—Maths—Students271Multilingual1%ICSEA Rank50th
- 57Bungaree Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bungaree · 3.5 kmState Rank—English—Maths—Students271Multilingual1%ICSEA Rank50th
- 58Sovereign Hill SchoolGovernment · Special · Ballarat · 3.5 kmState Rank—English—Maths—Students—Multilingual—ICSEA Rank—
GovernmentCatholicIndependent
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Census · ABS 2021
Turnover
How settled or transient the community is — and where newcomers came from.
Settledness at a glance
LowMedianHighPercentile
Settled 5+ yearsⓘResidents living at the same address as five years ago — how settled the community is.Top 50%Settled 5+ years · 50% — typical: right around the median for Aussie suburbs.
Moved in past yearⓘResidents living at a different address one year earlier.Top 50%Moved in past year · 50% — typical: right around the median for Aussie suburbs.
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.Top 50%Arrived from overseas · 50% — typical: right around the median for Aussie suburbs.
This suburb Typical range (middle 50%) Median suburb
Where residents lived 5 years agoof those who stated
50%
50%
50%
50%
Same address50%Moved within area50%From elsewhere in Australia50%From overseas50%
Residential paceshare of residents
Moved in the past yearⓘResidents living at a different address one year earlier.50%
Moved in the past 5 yearsⓘResidents not living at the same address as five years ago.50%
Arrived from overseas (5 yr)ⓘResidents who arrived in Australia from overseas within the past five years.50%
Property market
Market snapshot
Lake Gardens median house price & rent
Headline price, rent, yield and time on market for Lake Gardens — choose a property type and size below.
Active segment
Houses
Units
Days on marketⓘLast 12 months
49
↓ 5 days YoY
SoldⓘLast 12 months
7
↑ +50.0% YoY
Months of supplyⓘLast 12 months
1.6mo
Median rentⓘLast 12 months
$330/w
↑ +50.0% YoY
Days to leaseⓘLast 12 months
14
↓ 1 day YoY
LeasedⓘLast 12 months
7
↑ +0.5% YoY
Gross yieldⓘLast 12 months
3.01%
Annualised
Data confidenceSales sample6GoodLease sample6Good
Segment breakdown
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Demand percentile 0–100 · last 12 months12-mo change
Sales
Rental
Demand
Segment
Sold
Price
DOM
Leased
Rent
DOM
Yield
SalesRent
01
Houses · 2 bed6 sales · 6 leases
Sold7
Price—
Sales DOM—
Leased7
Rent—
Rental DOM—
—
Sales—
Rent—
02
Houses · 3 bed6 sales · 6 leases
Sold7+0.5%
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
03
Houses · 4 bed6 sales · 6 leases
Sold7▲+50.0%
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
04
Units · 2 bed6 sales · 6 leases
Sold7
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
05
Units · 3 bed6 sales · 6 leases
Sold7
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
06
Units · 1 bed6 sales · 6 leases
Sold—
Price—
Sales DOM—
Leased—
Rent—
Rental DOM—
—
Sales—
Rent—
All houses
Sold7▲+50.0%
Price—
Sales DOM—
Leased7+0.5%
Rent—
Rental DOM—
—
Sales—
Rent—
All units
Sold7
Price—
Sales DOM—
Leased7
Rent—
Rental DOM—
—
Sales—
Rent—
Where each segment ranks
Lake Gardens property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Metric
Ranked against
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
3/3above median
02550 · MEDIAN75100
Percentile vs VIC
Value
Units
0/1above median
02550 · MEDIAN75100
Percentile vs VIC
Value
The buy-versus-rent equation
Buying vs renting in Lake Gardens
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Property
Compare to
Houses · 4 bed: +50%
Houses · Total: +50%
VIC MEDIAN · +38%
Rent covers itRenting matches or beats the cost of owning−10% to 0%
BalancedMortgage roughly matches asking rent+30% to +60%
Far pricier to ownBuying costs much more than renting+100% to +130%+
BreakdownLast 12 months
Holding cost
Mortgage
Rent
Premium
Band
Assumes 80% LVR·6.0% rate·30y P&I
Premium = (weekly mortgage − weekly rent) ÷ weekly rent. Band thresholds are national breakpoints across ~11,400 eligible Australian segments — the Typical premium band spans national P25 to P75, so it’s literally what’s typical.
Market data
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Side
View
Property
Bedrooms
Radius
Compared against
Sales market velocity
5 nearby suburbs · 10km · Total house · sales
risingfalling
DOM change YoYis demand rising or falling?
median
median
Recoveryweak but rising
Boomstrong and rising
Troughweak and falling
Peakstrong but easing
Nearby suburb
Demand index
39 / 100vs VIC
Days on market
29 days▼ −6 days YoY
Median price
$841k▲ +19.7% YoY
Sold (last year)
45▲ +62.6% YoY
Nearby suburb
Demand index
90 / 100vs VIC
Days on market
19 days▼ −6 days YoY
Median price
$538k▲ +7.1% YoY
Sold (last year)
230▲ +14.0% YoY
Nearby suburb
Demand index
46 / 100vs VIC
Days on market
22 days▼ −1 day YoY
Median price
$486k▼ −3.8% YoY
Sold (last year)
26▲ +4.0% YoY
Nearby suburb
Demand index
97 / 100vs VIC
Days on market
12 days▼ −1 day YoY
Median price
$422k▲ +13.7% YoY
Sold (last year)
242▲ +6.4% YoY
Nearby suburb
Demand index
31 / 100vs VIC
Days on market
45 days▲ +3 days YoY
Median price
$432k▲ +12.6% YoY
Sold (last year)
99▲ +25.5% YoY
Lake Gardens · this suburb
Demand index
41 / 100vs VIC
Days on market
49 days▲ +5 days YoY
Median price
$531k▲ +0.5% YoY
Sold (last year)
7▲ +50.0% YoY
weakSales market velocityhow strong sales demand isstrong
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
Market data
Lake Gardens against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Lake Gardens in blue, peers in colour.
Pair
View
Property
Bedrooms
Radius
How fast — and is it getting faster?
5 peer suburbs · 10km · Total house
fasterslower
DOM change YoYvs 12 months ago
median
median
Recoveringquiet but accelerating
Boomingbusy and accelerating
Stalledquiet and slowing further
Coolingbusy but slowing
Nearby suburb
Demand index
24 / 100vs Australia
Days on market
29 days▼ −6 days YoY
Median price
$841k▲ +19.7% YoY
Sold (last year)
45▲ +62.6% YoY
Gross yield
1.46%
Nearby suburb
Demand index
57 / 100vs Australia
Days on market
19 days▼ −6 days YoY
Median price
$538k▲ +7.1% YoY
Sold (last year)
230▲ +14.0% YoY
Gross yield
2.82%
Nearby suburb
Demand index
24 / 100vs Australia
Days on market
22 days▼ −1 day YoY
Median price
$486k▼ −3.8% YoY
Sold (last year)
26▲ +4.0% YoY
Gross yield
2.46%
Nearby suburb
Demand index
82 / 100vs Australia
Days on market
12 days▼ −1 day YoY
Median price
$422k▲ +13.7% YoY
Sold (last year)
242▲ +6.4% YoY
Gross yield
3.39%
Nearby suburb
Demand index
19 / 100vs Australia
Days on market
45 days▲ +3 days YoY
Median price
$432k▲ +12.6% YoY
Sold (last year)
99▲ +25.5% YoY
Gross yield
2.63%
Lake Gardens · this suburb
Demand index
50 / 100vs Australia
Days on market
49 days▲ +5 days YoY
Median price
$531k▲ +0.5% YoY
Sold (last year)
7▲ +50.0% YoY
Gross yield
3.01%
slowDays on marketmedian days to sellfast
This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures
How much is available right now?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
View
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|
median
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|
median
Severe
Very Tight
Tight
Balanced
Loose
Very Loose
Saturated
Under-suppliedOver-supplied
Market data
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Property
Lake Gardens — Units & Houses, all bedrooms
Jul 2021 – Jun 2026 · each point = a 12-month window
0%25%50%75%100%20222023202420252026
Sales · buyer transactions
Leases · tenant transactions
Five-year arc
Lake Gardens median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Lake Gardens rose from $347k (Jul 2021) to $375k (Jun 2026) — +8.0% growth over five years — peaking at $703k between Sep 2022 and Aug 2023. Median house rent went from $255/wk to $323/wk (+26.7%) over the same period.
PropertyBedrooms
Median price (trailing year)
Jun 2026
$375k-16.6%
5y median $503kvs last year $449k
Total sales (trailing year)
Jun 2026
36+111.8%
5y median 27vs last year 17
Days on market (trailing year)
Jun 2026
28 days+8
5y median 24 daysvs last year 20 days
Median rent (trailing year)
Jun 2026
$323/wk-17.8%
5y median $315/wkvs last year $393/wk
Total leases (trailing year)
Jun 2026
23+4.5%
5y median 38vs last year 22
Days on market (rental) (trailing year)
Jun 2026
10 days-2
5y median 13 daysvs last year 12 days
Gross yield (trailing year)
Jun 2026
2.92%+0.00 pt
5y median 2.21%vs last year 2.92%
Months of supply
Jun 2026
2.4 months+41.9%
5y median 2.4 monthsvs last year 1.7 months
Months of supply (rental)
Jun 2026
1.8 months+195.2%
5y median 1.0 monthsvs last year 0.6 months
Nearby markets
Suburbs near Lake Gardens: prices compared
The nearest suburbs to Lake Gardens, ranked by distance — each lined up against Lake Gardens on the same measures, so the differences jump out at a glance.
Market
Property
Bedrooms
Radius
Colour by
This marketLake GardensVIC 3355 · Houses · Total
Price$531k
DOM49 days
Sold7
5 markets within 5kmLast 12 months
01
AlfredtonVIC 3350 · 0.9km · Houses · Total
Price$538k
DOM19 days
Sold230
similar pricedmuch faster
02Lake WendoureeVIC 3350 · 1.1km · Houses · Total
Price$841k
DOM29 days
Sold45
much priciermuch faster
03NewingtonVIC 3350 · 1.4km · Houses · Total
Price$486k
DOM22 days
Sold26
cheapermuch faster
04WendoureeVIC 3355 · 1.6km · Houses · Total
Price$422k
DOM12 days
Sold242
cheapermuch faster
05Ballarat CentralVIC 3350 · 2.0km · Houses · Total
Price$432k
DOM45 days
Sold99
cheaperfaster
Houses · TotalSales market
Stat colourHow each suburb's stat compares to Lake Gardens
Much lowerLowerSimilarHigherMuch higher
Similar markets
Suburbs like Lake Gardens
Suburbs anywhere in VIC that behave like Lake Gardens — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Lake Gardens vs Invermay Park: the closest sales-market match trades at a median of $348k against Lake Gardens's $531k — about 35% lower, with homes selling in 25 days versus 49 days here.
Colour by
Property
Bedrooms
Market
This marketLake GardensVIC 3355 · Houses · Total
Price$531k
DOM49 days
Sold7
Most similar sales markets · within 2.3–66 kmLast 12 months
0102030405
Invermay ParkVIC 3350 · 3km · 62% match
Price$348k
DOM25 days
Sold24
Ballarat NorthVIC 3350 · 2km · 46% match
Price$326k
DOM21 days
Sold69
CampbellfieldVIC 3061 · 66km · 50% match
Price$545k
DOM25 days
Sold39
CobblebankVIC 3338 · 60km · 42% match
Price$478k
DOM27 days
Sold68
Miners RestVIC 3352 · 5km · 67% match
Price$467k
DOM27 days
Sold69
Stat colourHow each suburb's stat compares to Lake Gardens
Much lowerLowerSimilarHigherMuch higher
Comparable sales markets to Lake Gardens: Invermay Park property market, Ballarat North property growth, Campbellfield property market, Cobblebank property market and Miners Rest property market.
Lake Gardens's closest rental-market twins: Miners Rest property market, Ballarat North property growth, Invermay Park property market, Cobblebank property market and Campbellfield property market. Each link opens that suburb's full market report.
Market data
Frequently asked · Lake Gardens
26 data-driven answers about Lake Gardens's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Lake Gardens?
#The median house price in Lake Gardens, VIC 3355 is $531k as of June 2026, based on 6 sales over the past 12 months. Houses there have moved +0.5% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Lake Gardens?
#The median unit price in Lake Gardens, VIC 3355 is $531k as of June 2026, based on 6 sales over the past 12 months. Units currently trade at roughly 100% of the median house price.
How much does it cost to rent in Lake Gardens?
#The median weekly house rent in Lake Gardens is $330 as of June 2026, drawn from 6 leases over the past 12 months. Units rent for around $330 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Lake Gardens?
#A 3 bedroom house in Lake Gardens rents for a median $330 per week as of June 2026, drawn from 6 leases over the past 12 months. Across other house sizes: 2-bedroom $330/week, 4-bedroom $330/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Lake Gardens?
#Gross rental yield in Lake Gardens is 3.01% for houses and 3.01% for units as of June 2026, compared with the VIC unit median of 3.08%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Lake Gardens?
#As of June 2026, Lake Gardens medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $531k | $531k | $531k | $531k |
| Units | — | — | $531k | — | $531k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Lake Gardens median?
#At the median Lake Gardens house ($531k purchase, $330/week rent), weekly mortgage repayments sit at roughly $565 — about $235 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Lake Gardens's property market trends?
#Lake Gardens's property market trends to June 2026: house prices rose +0.5% year-on-year; weekly house rents moved +50.0%; homes now sell in a median 49 days — slower than a year ago by 5; sales supply sits at 1.6 months (severe). Read together — price, rent, selling speed and supply — they show which way the Lake Gardens market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Lake Gardens as an investment?
#As of June 2026 in Lake Gardens, house prices rose +0.5% over the year, gross rental yield is 3.01% against a VIC median of 2.94%, houses take a median 49 days to sell, sales supply is 1.6 months (severe). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Lake Gardens?
#Houses in Lake Gardens sell in a median 49 days on market as of June 2026, with units clearing slightly similarly at 49 days. Days on market have lengthened by 5 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Lake Gardens a tight or loose property market right now?
#Lake Gardens's sales market sits at 1.6 months of supply for houses as of June 2026 — classified as Severe (extreme shortage) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is looser at 2.6 months of supply.
Have property prices in Lake Gardens gone up or down?
#House prices in Lake Gardens moved +0.5% over the 12 months to June 2026. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Lake Gardens?
#Lake Gardens's house rental market sits at 2.6 months of supply as of June 2026 — classified as Saturated (extreme oversupply), with 7 houses leased over the past 12 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Lake Gardens in its property market cycle?
#Lake Gardens's house market is currently in the 'softer_weakening' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year loosening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Lake Gardens compare to other VIC suburbs?
#Lake Gardens's median house price ($531k) is 9% below the VIC median ($582k) as of June 2026. On selling speed, houses clear in 49 days vs 15 days state median. On gross yield, Lake Gardens sits at 3.01% vs 2.94% state median.
How does Lake Gardens compare to neighbouring suburbs?
#Lake Gardens's most-similar nearby market is Invermay Park (2.7 km away) with a median house price of $348k — about 35% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Lake Gardens?
#The most-transacted segment in Lake Gardens over the 12 months to June 2026 is 2 bed houses with 7 sales. 3 bed houses come second at 7 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Lake Gardens last year?
#Lake Gardens recorded 7 house sales and 7 unit sales over the 12 months to June 2026 — a combined 14 transactions. On the rental side, 7 houses and 7 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Lake Gardens in?
#Lake Gardens is in postcode 3355, in the Ballarat region of VIC. Addresses there are written as Lake Gardens, VIC 3355.
What is the population of Lake Gardens?
#Lake Gardens, VIC 3355 is home to 1,223 residents (ABS Census 2021). The median resident age is 27, and the average household holds 1.8 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Lake Gardens?
#The median household in Lake Gardens earns $810 per week — roughly $42k a year (ABS Census 2021). Median personal income runs $418/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Lake Gardens?
#The unemployment rate in Lake Gardens is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Lake Gardens?
#Lake Gardens is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Lake Gardens?
#Lake Gardens has 58 schools within reach, 1 of them inside the suburb itself — including Ballarat Specialist School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Lake Gardens a good place to live?
#Lake Gardens, VIC 3355 has a population of 1,223, a median age of 27, a median household income around $810/week, 50% of households renting (ABS Census 2021). There are 58 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Lake Gardens market data last updated?
#This Lake Gardens market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.