Lake Gardens at a glance
Median house
$601,500
Median unit
$198,720
Walk score
12
Very car dependent
Population
1,801
Median age 51
The brief
What to know about Lake Gardens.
The postcode for Lake Gardens is 3355 (VIC).
The median house price in Lake Gardens is $601,500.
Lake Gardens (3355) sits in the Ballarat region of Victoria. The median house here is $601,500, below the Victoria median of around $850K.
Lake Gardens has roughly 1,801 residents, with a retiree-heavy demographic. Households are mostly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Lake Gardens scores 12/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 23°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Ballarat Aerodrome station, 12.8km away.
Schooling within or near the suburb covers 7 government primary, 2 government secondary, 7 Catholic, 2 independent.
Who lives here
Demographics.
The 2021 Census put Lake Gardens's population at 1,801, with a median age of 51. That sits as a retiree-heavy demographic. Households are mostly owner-occupied (70% own, 29% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (69% family households, 29% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
1,801
Median age
51
Family households
69%
Lone person
29%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $601,500 on a typical sale, below the Victoria median. Units come in around $198,720, roughly 67% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $120,000. Prices are below the Victoria median, which keeps Lake Gardens on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$601,500
+0.0% over the past year. Median unit price $198,720.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$260/wk
Weekly rent (unit)
$360/wk
Owner occupied
70%
Renter occupied
29%
At a deeper level
$601,500
$198,720
1,801
Median age: 51
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For investors
Investment overview.
Gross rental yield on houses sits at 2.25% (median rent $260/wk against a $601,500 price tag). Units yield 9.42% gross, often the better cash-flow play for first-time investors. Renter share is modest (29%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.25%
Based on $601,500 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20269.42%
Based on $198,720 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202670%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
138
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
12
40
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Lake Gardens.
Local schools for Lake Gardens
View the catchment for each school to find out more.
Government School Catchment
Ballarat Specialist School
Ballarat High School
Wendouree Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
23.2°C
Coldest Month (avg min)
7.3°C
Monthly Rainfall (mm)
Weather data from BOM station Ballarat Aerodrome (13 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Lake Gardens.
- What is the median house price in Lake Gardens?
- The median house price in Lake Gardens, VIC 3355 is $601,500. The median unit price is $198,720.
- What is the Lake Gardens postcode?
- Lake Gardens is in the 3355 postcode, in VIC, in the City of Ballarat region.
- Where is Lake Gardens?
- Lake Gardens is a regional suburb in VIC, postcode 3355, in the City of Ballarat region.
- What is the average rent in Lake Gardens?
- The median weekly rent for houses is $260, for units it's $360.
- What schools are in Lake Gardens?
- There are 20 schools serving Lake Gardens on this page, including Ballarat Specialist School, Ballarat High School, Wendouree Primary School.
- How walkable is Lake Gardens?
- Lake Gardens has a Walk Score of 12 out of 100, highly car-dependent. transit score 40, bike score 100.
- What suburbs are near Lake Gardens?
- Lake Gardens is close to Wendouree Village, Wendouree, Alfredton, Newington, Lake Wendouree.
- What is the population of Lake Gardens?
- The population of Lake Gardens is approximately 1,801 (2021 Census). The median age is 51.
For Sale
Lake Gardens
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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