The Lakes is a small, quiet locality in Western Australia within the Mundaring local government area (postcode 6556). It is home to about 20 residents, with an older demographic and a median age of 56. Households earn a median income of $189K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.7% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median monthly mortgage repayment is $1,400.
From an investment perspective, Population growth of +2.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.