True to its name, Mawson Lakes is a beautiful and peaceful waterside community in Adelaide’s thriving north.
Mawson Lakes: Adelaide’s booming waterfront property market,
Located approximately 12 kilometers north of Adelaide’s CBD, Mawson Lakes resembles a tranquil retreat rather than a typical city-fringe suburb.
“I love Mawson Lakes because the air here makes me happy,” says local Muhammad Hussain.
“The scenery brings me joy, and the vibrant life adds to my happiness.”
The central lake is the defining feature of the area, serving as a community hub.
Around this lake, there are walking and cycling paths, filled with active locals enjoying their fitness routines.
Throughout the year, the lake hosts various vibrant events and gatherings that bring the community together.
“I love the water, the wildlife, and the walking tracks,” adds Mary Rebelos, a local resident.
“You truly have everything you need right here.”
Despite its tranquil atmosphere, Mawson Lakes is not short on amenities.
The suburb boasts bustling shopping centres, inviting cafes, diverse restaurants, and beautiful parks.
Additionally, it offers numerous educational options, including a campus for the University of South Australia.
“Not only are there childcare centres in Mawson Lakes, but also a primary school and a college,” local Bill Radwan explains.
He emphasizes that if you’re clever, you’ll appreciate the proximity to Technology Park.
This sprawling business precinct is home to some of the biggest names in local and international tech.
Mawson Lakes also provides excellent public transport options, including train services and multiple bus routes for commuters heading to the city.
“The public transport in Mawson Lakes is very accessible,” says local Zack Hutchinson.
“It makes it easy to get into town and return home.”
Moreover, the safety in the area is commendable, adds local resident Motahira Rashidi.
Thanks to its blend of tranquility, security, and accessibility, Mawson Lakes has become a favored destination for families, professionals, and retirees alike.
Unsurprisingly, the rising demand for properties has led to strong price growth in the area.
“Over the last 12 months, we’ve observed a 13.5% increase in house prices across Mawson Lakes,” explains James Karpiuk, Business Manager at Century 21 Golden Estates.
“However, the standout has been the apartments, with a remarkable 23.5% increase and a 6% yield on return.”
He believes the area’s upward trajectory will continue, especially with significant investment flowing into Adelaide’s northern suburbs.
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The South Australian government is investing millions into the region, leading to new infrastructure, transport, and housing developments.
Mawson Lakes is positioned right at the epicenter of this transformation.
“Due to the recent capital growth in Mawson Lakes, homeowners can refinance to secure favorable deals,” says Luke Warhurst, Mobile Relationship Manager at Bendigo Bank.
His top tip for homebuyers is to obtain pre-approval, which provides clarity on borrowing limits.
This clarity allows buyers to act swiftly and confidently when opportunities arise.
“Some common questions I receive are, ‘Should I get pre-approval? How much deposit should I save?’” says Mr. Warhurst.
“I always recommend pre-approval, as it gives you confidence regarding your bidding power at auctions.
Additionally, it allows you to act quickly when the right property hits the market.”
Alongside dedicated support during the pre-approval process, Bendigo Bank offers competitive home loans.
Moreover, they provide various handy tools for both current and prospective home loan customers.
These services include a free home loan health check, which Mr. Warhurst notes can be very helpful during the planning stages.
This check is particularly useful during the goal-setting phase of the purchasing journey.
Once you’ve secured your new home, you’ll finally be able to kick back and enjoy life in Mawson Lakes.
“You’ll experience a wonderful lifestyle when you need a break and want to soak up some sun,” says Thomas Sweets, a local.
“Just grab a coffee, go for a walk, and you really can’t complain.”
