What is the true cost of buying an apartment in Lakemba?

The median apartment in Lakemba is $685,000. Including stamp duty ($25,355), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $54,068, or $4,506/month.

What does it really cost to buy a house in Lakemba?

The median house in Lakemba 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 Lakemba?

Lakemba currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Lakemba

2195 NSW · 17km to CBD

Stable

Market Intelligence

Lakemba is a vibrant, multicultural suburb located 17km southwest of Sydney CBD, known for its significant Middle Eastern and South Asian communities. With a population of 15,200 and median age of 32, it's a young, diverse area where 72% of residents were born overseas. The suburb is predominantly comprised of units and apartments (68%), making it an affordable entry point into Sydney's property market with median unit prices at $525,000. Lakemba offers excellent transport connectivity via Lakemba Railway Station on the T3 Bankstown Line, providing direct CBD access. The famous Haldon Street serves as the cultural heart, featuring authentic Middle Eastern cuisine and shops. With strong rental yields of 5.1% for units and steady property growth, Lakemba attracts both investors and first-home buyers seeking affordability without sacrificing connectivity to central Sydney.

Excellent public transport connectivity to Sydney CBDAffordable property prices compared to inner SydneyStrong multicultural community and vibrant food sceneHigh rental yields and steady property growthYoung demographic profile with growing families

Market Snapshot

Median House

$1.1M

+8.2% 1yr

Median Apartment

$685K

+9.5% 1yr

Median Townhouse

$920K

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.6%

Yield (House)

3.8%

Auction Clearance

72%

Population

15,800

True Cost Breakdown

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

Apartment

$4,506/mo

Purchase Price

$685,000

Stamp Duty

$25,355

1st Year Total

$54,068

House

$6,719/mo

Purchase Price

$1,150,000

Stamp Duty

$46,280

1st Year Total

$80,630

Townhouse

$5,494/mo

Purchase Price

$920,000

Stamp Duty

$35,930

1st Year Total

$65,924

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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