Lakemba is the typical Canterbury Bankstown suburb, with an array of both low and high density residential, and some commercial properties. The area boats a thriving migrant population and a buzzing shopping precinct! Lakemba has always been a popular suburb for renters, primarily because of its great local shopping precinct, and fantastic transport system, which makes it very popular with white collar workers but also small business owners. Coupled with the many attractions and lifestyle Canterbury-Bankstown has to offer, Lakemba has now become a hotspot for renters over its close neighbours.
Rental prices in in the suburb vary, depending on the type, size and location of property. At any given time you could expect upwards of 150 rental residential properties advertised. They consist of a mixture of Federation and Austerity years style houses, but also apartments ranging from the typical 1970’s red brick style to new apartments.
Rental prices for a typical 1 bedroom apartment in Lakemba range from $380 to $420 per week and 2 bedroom apartment would be around the $420 to $500 per week mark. Lakemba also boasts a number of rental houses, varying in condition and age, with rental prices ranging around the $500 pw and upwards of $650 per week.
Lakemba Property Manager
Chris Dimitropoulos is the appointed Lakemba property manager. After 2 decades of experience investing in Real Estate, Chris decided to start NextGen, a property management specialist agency based in Sydney. Chris holds a degree and an MBA from the University of Technology and is a licensed Real Estate Agent in NSW. Chris has been managing properties in Lakemba since 2017 and understands the market exceptionally well, having grown up in the Canterbury-Bankstown region and being a proud Bulldogs supporter! Chris is the best property manager in Lakemba and Canterbury-Bankstown and prides himself for the level of care and his local knowledge.
You can contact Chris now by sending him an email on firstname.lastname@example.org or calling on 0414494840
Lakemba by the numbers (2016 ABS Census)
- Population 17,023
- Males 54%
- Females 46%
- Median age 31
- Number of Families 3,904
- All private dwellings 5,508
- Average people per household 3.2
- Median weekly household income $1,012
- Median monthly mortgage repayments $1,600
- Median weekly rent $350
- Average motor vehicles per dwelling 1.4
Why NextGen as your Lakemba Property Manager?
NextGen Property Mgmt (nextgenpm.com.au) is a Real Estate Agency that specialises in property management. Our agency employs fantastic real estate agents and we pride ourselves as being the best property managers in Sydney. Our differentiator is that we are landlords ourselves! Canterbury-Bankstown and Lakemba in particular is our playground, and we have had a strong presence in the suburb since our inception as a real estate agency.
Today we have a large number of rental properties under management in the area and are always looking to add more as we just love the demographic. This is what he had to say when asked about the Rental Market in Lakemba.
“I’ve lived and worked in the area for 2 decades. Sproule St is where I grew up! In that time we’ve seen prices and rents triple in value! Lakemba is a major transport hub, with a thriving migrant community and renters are always drawn to it. The best things about Lakemba are its nightlife, the location and transport system. Lakemba is on the Bankstown line and it takes less than 30 minutes to get to the Sydney CBD. Great for white collar workers.
These days, as a property manager, I have come to realise that, when considering the central location of Lakemba with easy access to the best that Canterbury-Bankstown has to offer, few suburbs fair better than Lakemba.
If you have any questions about the rental market, or would like a second opinion on you rental property, please let us know and our local property manager will be able to meet with you and discuss. Our advice to landlords looking for a property manager to manage their property, is to look for someone that has the capacity and headspace to care for their property, their tenant, and them as a customer. Our local dedicated property manager can certainly do that.
If you want to learn more about us just click here to organise a time for a chat, or call us on 0414 494 840. We would love to hear from you and to share our story.