Lakewood · Suburb / Locality

Housing & Dwellings in Lakewood

Where and how people live — the homes, how they are held, and what they cost.

More than half of all homes in Lakewood are owned outright, making it an area where home security is far more common than in most other places. This high level of ownership creates a stable housing market, with 56.7% of residents owning their homes fully and very few relying on rentals.

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📍 Lakewood, Suburb / Locality

Where Lakewood sits — Median rent (weekly)

$390
  • $0–$25: 37 areas
  • $25–$50: 86 areas
  • $50–$75: 199 areas
  • $75–$100: 214 areas
  • $100–$125: 525 areas
  • $125–$150: 343 areas
  • $150–$175: 699 areas
  • $175–$200: 597 areas
  • $200–$225: 1183 areas
  • $225–$250: 724 areas
  • $250–$275: 1277 areas
  • $275–$300: 787 areas
  • $300–$325: 1282 areas
  • $325–$350: 618 areas
  • $350–$375: 935 areas
  • $375–$400: 570 areas
  • $400–$425: 763 areas
  • $425–$450: 288 areas
  • $450–$475: 415 areas
  • $475–$500: 176 areas
  • $500–$525: 204 areas
  • $525–$550: 79 areas
  • $550–$575: 125 areas
  • $575–$600: 70 areas
  • $600–$625: 97 areas
  • $625–$650: 21 areas
  • $650–$675: 54 areas
  • $675–$700: 145 areas

All suburb / locality areas, 2021. The marker is Lakewood — higher than 80% of areas.

Median rent (weekly) compared with the state and national average
Lakewood$390
2443, NSW $330
New South Wales $420
Australia $375

Housing costs

Rents, mortgages and crowding.

Typical weekly rent is $390, which is much higher than most areas. Meanwhile, the typical monthly mortgage payment of $1,540 is well below the New South Wales figure of $2,167.

$390

Higher than 80% of suburb / locality areas.

  • 2016: $328
  • 2021: $390

Median weekly rent paid by households renting their home.

$1,540

Lower than 56% of suburb / locality areas.

  • 2016: $1,447
  • 2021: $1,540

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Lakewood, $350–$549 is the majority at 85%; $200–$349 is next at 15%.

Monthly mortgage distribution

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In Lakewood, the largest group is $1,000–$1,799 at 42%, followed by $1,800–$2,999 (30%) and Under $1,000 (25%).

Owning & renting

How homes are owned or rented.

Home ownership is dominant here, with 56.7% of homes owned outright, which is far above the national figure of 31%. Only 16.5% of households rent, a rate far below both the state and national averages.

16.5%

Lower than 51% of suburb / locality areas.

  • 2016: 17.1%
  • 2021: 16.5%

Share of occupied private dwellings that are rented.

56.7%

Higher than 87% of suburb / locality areas.

  • 2016: 57.3%
  • 2021: 56.7%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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In Lakewood, Owned outright is the majority at 56%; Owned with a mortgage is next at 22%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Separate houses make up 91.8% of the market, and 87.2% of homes have three or more bedrooms. Despite these large homes, there are fewer people per bedroom (0.70) than in most other areas.

0.70

Lower than 86% of suburb / locality areas.

  • 2016: 0.70
  • 2021: 0.70

Average number of usual residents per bedroom — a crowding measure.

91.8%

Lower than 64% of suburb / locality areas.

  • 2016: 89.6%
  • 2021: 91.8%

Share of occupied private dwellings that are separate houses.

87.2%

Higher than 71% of suburb / locality areas.

  • 2016: 84.5%
  • 2021: 87.2%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Lakewood, Separate house is the majority at 94%; Townhouse / semi-detached is next at 4%.

Bedrooms per home

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In Lakewood, 3 bedrooms is the majority at 58%; 4 bedrooms is next at 27%.

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Lakewood

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Lakewood [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL12268/lakewood/topic/housing-dwellings