What is the true cost of buying an apartment in Mount Lewis?

The median apartment in Mount Lewis is $650,000. Including stamp duty ($23,780), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $51,944, or $4,329/month.

What does it really cost to buy a house in Mount Lewis?

The median house in Mount Lewis is $1,150,000. True first-year cost including stamp duty ($46,280), rates, insurance, maintenance, and mortgage repayments is approximately $80,630.

What is the vacancy rate in Mount Lewis?

Mount Lewis currently has a vacancy rate of 1.8%. Properties average 38 days on market.

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True Cost of Buying in Mount Lewis

2190 NSW · 15km to CBD

Stable

A decision, not just a search · Mount Lewis

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Mount Lewis is a diverse, family-oriented suburb in Sydney's inner southwest, located 15km from the CBD within the Canterbury-Bankstown local government area. Known for its strong multicultural community with significant Lebanese, Vietnamese, and Chinese populations, the suburb offers excellent value for families and first-home buyers. The area features predominantly detached housing stock on generous blocks, with median house prices around $1.1-1.2 million, making it more affordable than many Sydney suburbs. Mount Lewis benefits from good transport connectivity via bus networks and proximity to Canterbury Station, plus access to quality amenities including Mount Lewis Public School, local parks, and nearby shopping precincts. The suburb has experienced steady capital growth over recent years, driven by its affordability, family appeal, and strategic location between major employment centers. Strong rental demand from young families and professionals supports healthy rental yields. The community is well-established with excellent cultural diversity, local services along Canterbury Road, and recreational facilities. Future growth prospects remain positive due to ongoing infrastructure improvements in the Canterbury-Bankstown corridor and the suburb's enduring appeal to owner-occupiers and investors seeking value in Sydney's competitive market.

Strong multicultural community creating vibrant local cultureAffordable housing compared to Sydney average with good value for familiesExcellent transport connectivity to CBD, Bankstown and CanterburyQuality local amenities including schools, parks and shoppingSteady capital growth with strong rental demand

Market Snapshot

Median House

$1.1M

+5.2% 1yr

Median Apartment

$650K

+4.8% 1yr

Median Townhouse

$850K

Vacancy Rate

1.8%

38 avg DOM

Yield (Apartment)

4.8%

Yield (House)

3.6%

Auction Clearance

68%

Population

8,500

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$4,329/mo

Purchase Price

$650,000

Stamp Duty

$23,780

1st Year Total

$51,944

House

$6,719/mo

Purchase Price

$1,150,000

Stamp Duty

$46,280

1st Year Total

$80,630

Townhouse

$5,140/mo

Purchase Price

$850,000

Stamp Duty

$32,780

1st Year Total

$61,676

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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