VIC · 3355

Lake Gardens

Suburb profile, market snapshot and recent listings for Lake Gardens, VIC 3355.

Lake Gardens, VIC 3355

About Lake Gardens

Welcome to Lake Gardens

Lake Gardens sits on Ballarat's western fringe, a quiet residential pocket wrapped around the established streets that lead out toward Alfredton and down to the water at Lake Wendouree. It's close enough to the lake and the city centre to feel connected, yet its wide, leafy blocks and low-key pace give it the feel of a settled family suburb rather than a bustling hub.

With a population of just 1,801 and a median age of 51, Lake Gardens is very much a suburb of established households — the kind of place people move to and stay in, rather than pass through. It suits downsizers, long-term Ballarat families and anyone who wants a house-proud, low-density neighbourhood within easy reach of the lake, schools and the CBD.

Lifestyle & dining

Life in Lake Gardens revolves around its proximity to Lake Wendouree, one of regional Victoria's great civic assets, with its walking and cycling paths, rowing clubs and gardens only a short drive or ride away. For day-to-day coffee, meals and errands, residents lean on the cafes and shops around Wendouree and the wider Ballarat CBD, both close enough for a quick trip without the suburb itself feeling built-up or busy.

It's a low-key, residential lifestyle rather than a strip-shopping-and-nightlife one, which is exactly the appeal for many locals — quiet streets, established gardens and a sense of settled community, with the buzz of central Ballarat never far away.

Shopping

Everyday shopping needs are covered by nearby Wendouree and Alfredton, both home to supermarkets and convenience retail, while the full range of department stores, specialty shops and the Ballarat Central shopping precinct are just a short drive into the CBD. Neighbouring Mitchell Park and Newington add further local options, meaning residents rarely need to travel far for the basics.

Getting around

Lake Gardens' location makes it an easy commute into central Ballarat, with arterial roads connecting through to Wendouree and Alfredton for those heading further west. Ballarat train station, linking to Melbourne via the regional rail line, is a manageable drive away, making the suburb a realistic option for commuters who work in the city but want a quieter home base.

Local bus routes connect the surrounding suburbs to central Ballarat, though most residents find having a car useful given the suburb's low-density, spread-out layout.

Schools & families

Families in Lake Gardens have access to Ballarat High School, one of the region's well-established secondary schools, along with Ballarat Specialist School nearby for students requiring tailored support. The surrounding suburbs of Wendouree, Alfredton and Newington add further schooling options within a short drive, making the area a practical base for families with children at various stages of schooling.

Parks & recreation

The star attraction is Lake Wendouree itself, with its extensive gardens, walking trails and sporting clubs just around the corner in the suburb that shares its name. Closer to home, Lake Gardens' own streets offer plenty of established trees and green outlooks, while Mitchell Park adds another pocket of open space nearby for those wanting a local walk or a spot to let the kids run around.

The property market

Lake Gardens' housing stock is overwhelmingly detached houses, with current listings showing a full 100% house mix — in keeping with its character as a low-density, family-oriented suburb rather than one geared toward units or townhouses. The median house price sits at $730,000, having recorded growth of 3.5% recently, a steady rather than spectacular result that reflects the suburb's appeal as a stable, established address rather than a fast-turnover growth corridor.

For renters, the median weekly rent of $500 points to solid demand from tenants wanting the space and quiet of a house-based suburb without moving right out to Ballarat's newer estates. Buyers are typically drawn by the combination of larger blocks, proximity to Lake Wendouree and easy access to central Ballarat, making it a popular choice for those upgrading from apartments or units elsewhere in the region.

Market snapshot

Lake Gardens property market

Median price ranks #2,568 of 3,797 suburbs · pricier than 32%
Bedrooms

Median sale price

$730k

House · 4 bed

Median rent

$500

per week

Gross rental yield

3.6%

annual rent ÷ sale price

Typical price range

Entry

$600k

Median

$730k

Premium

$910k

Days on market

33

Auction clearance

0%

Sold this year

21

Median sold price trend · House 4 bed

Compound growth -2.3% / yr over 4 yrs

Median price by bedrooms · House

Who lives here

Demographics

ABS Census 2021 figures for Lake Gardens, VIC 3355.

Population

1,801

residents (2021)

Median age

51

years

Household income

$1,534

median, per week

Median rent

$360

per week

Median mortgage

$1,733

per month

Mortgage / income

26%

comfortable

Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.

Education

Schools in Lake Gardens

Government school catchment

Ballarat Specialist School

UCoEdGovernment
Visit school website →

Ballarat High School

7-12CoEdGovernment
Visit school website →

Recent results

Recently sold in Lake Gardens

$700k

78 Lake Gardens Avenue

house4 bd · 2 ba · 2 car

Sold ~July 2026

$595k

47 Ayrvale Avenue

house3 bd · 2 ba · 2 car

Sold ~July 2026

$890k

42 Faversham Avenue

house4 bd · 2 ba · 2 car

Sold ~June 2026

$785k

6 Cinnamon Drive

house2 ba · 2 car

Sold ~June 2026

$765k

11 Limetree Way

house2 ba · 2 car

Sold ~June 2026

$650k

43 Cinnamon Drive

house4 bd · 2 ba · 2 car

Sold ~June 2026

Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.

Explore the area

Properties & amenities in Lake Gardens

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Compare the area

Price map around Lake Gardens

Every listing for sale near Lake Gardens, coloured by price — so you can see how it stacks up against the streets and suburbs next door.

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Lake GardensNearby suburbs

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Common questions

Lake Gardens suburb FAQ

What is the median property price in Lake Gardens?

The median house price in Lake Gardens, VIC is $730k for a 4-bedroom home. Over the past year, median sold prices have risen about 3.5%.

How much is rent in Lake Gardens?

The median weekly rent in Lake Gardens is around $500 per week.

Is Lake Gardens a good place to live?

Lake Gardens is an established residential suburb in VIC, with a population of around 1,801 and 2 schools in the area.

What is the population of Lake Gardens?

Lake Gardens has a population of 1,801 (ABS 2021 Census), with a median age of 51.

What schools are in Lake Gardens?

There are 2 schools in or near Lake Gardens, including Ballarat Specialist School and Ballarat High School.

How long do homes take to sell in Lake Gardens?

Properties in Lake Gardens take around 33 days to sell on average, with an auction clearance rate of about 0%.

How much do you need to buy in Lake Gardens?

Entry-level properties in Lake Gardens start around $600k, while premium homes reach $910k.

What suburbs are near Lake Gardens?

Suburbs near Lake Gardens include Lake Wendouree, Wendouree, Newington, Mitchell Park and Alfredton.

Available now

Properties in Lake Gardens

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NewFor Sale
$850,000
house

Spacious Family Living in a Premier Lake Gardens Location

55 St Michaels Place, Lake Gardens VIC 3355
422505 m²
PRD Real Estate Ballarat2 days ago
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For Sale
$830k–$880k
house

ELEGANT FAMILY LIVING IN PRESTIGIOUS LAKE GARDENS

45 St Michaels Place, Lake Gardens VIC 3355
422630 m²
Ballarat Real Estate2 weeks ago
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For Sale
$1.15m–$1.2m
house

Exceptional Lake Gardens Living Overlooking the Ballarat Golf Course

31 St Andrews Place, Lake Gardens VIC 3355
422560 m²
Buxton (Ballarat) Pty Ltd3 months ago
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Image 1
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For Sale
$630k–$650k
house

Stylish & Low-Maintenance Living in Sought-After Lake Gardens

11 Parbury Avenue, Lake Gardens VIC 3355
322325 m²
Buxton (Ballarat) Pty Ltd1 month ago
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Image 1
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For Sale
$1.4m–$1.5m
house

Luxury Family Home In Prestigious Lake Gardens

1 Scarlet Drive, Lake Gardens VIC 3355
552506 m²
McGrath Ballarat3 months ago
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Image 1
For Sale
$695k–$745k
house

Modern Home in Outstanding Location on Moments to Lake Wendouree

43 Limetree Way, Lake Gardens VIC 3355
422
Ray White Ballarat1 month ago
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Image 1
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For Sale
$1.2m–$1.27m
house

A statement in scale and sophistication

26 St Chester Avenue, Lake Gardens VIC 3355
422640 m²
Jellis Craig Ballarat3 months ago
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Image 1
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For Sale
$780k–$820k
house

Elegant Family Living in Prestigious Lake Gardens

40 Lake Gardens Avenue, Lake Gardens VIC 3355
432353 m²
Buxton (Ballarat) Pty Ltd1 month ago
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For Sale
$685k–$705k
house

Parkside Living in the Heart of Lake Gardens

17 Ayrvale Avenue, Lake Gardens VIC 3355
322310 m²
Buxton (Ballarat) Pty Ltd1 month ago
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For Sale
Contact agent
house

Prime Location, Premium Space and Luxurious Style!!!!

8 Cinnamon Drive, Lake Gardens VIC 3355
422296 m²
Goldfish Real Estate3 months ago
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Image 1
For Sale
Contact agent
house

Prime Location, Premium Space and Luxurious Style!!!!

10 Cinnamon Drive, Lake Gardens VIC 3355
42232 m²
Goldfish Real Estate3 months ago
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NewFor Sale
$985k–$1.05m
house

PREMIUM LAKE GARDENS LIVING BESIDE THE GOLF COURSE

32 St Chester Avenue, Lake Gardens VIC 3355
422640 m²
Ballarat Real Estate6 days ago
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