Lockwood is a charming suburb located just a short drive from the vibrant city of Bendigo in Victoria, Australia. Known for its picturesque landscapes, family-friendly atmosphere, and community spirit, Lockwood offers a diverse range of residential options for buyers and renters. This article explores the best residential areas within Lockwood, highlighting their unique characteristics, amenities, housing options, and average prices, making it an ideal choice for families, couples, and individuals alike.
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Lockwood South

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Lockwood South is a popular area known for its spacious properties and a strong sense of community. This suburb offers a peaceful lifestyle while still being conveniently located near essential services and recreational facilities.
Characteristics of the Lockwood South
* Culture: Community-focused with local events and markets
* Transportation: Well-connected by road; bus services available
* Services: Local shops, parks, schools, and a community centre
* Environment: Family-friendly and tranquil
Housing Options in the Lockwood South
Single-family homes, Townhouses
Average Home Prices in the Lockwood South
* Buying: $450,000 – $600,000
* Renting: $1,200 – $1,600/month
Lockwood North

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Lockwood North is characterised by its larger block sizes and semi-rural feel, making it an excellent choice for those who appreciate open space and privacy. This area is perfect for families looking for a balanced lifestyle between urban amenities and natural surroundings.
Characteristics of the Lockwood North
* Culture: Agricultural influences with nearby farms
* Transportation: Car is essential; limited public transport
* Services: Nearby shopping centres and schools
* Environment: Spacious, quiet with a rural touch
Housing Options in the Lockwood North
Acreage homes, Lifestyle properties
Average Home Prices in the Lockwood North
* Buying: $500,000 – $800,000
* Renting: $1,500 – $2,000/month
Lockwood Central

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Lockwood Central is the commercial hub of Lockwood, offering residents easy access to shops and services. It's an ideal suburb for those who prefer convenience and proximity to urban amenities.
Characteristics of the Lockwood Central
* Culture: Commercial and real estate investments
* Transportation: Excellent road access; bus routes available
* Services: Supermarkets, cafes, schools, and medical facilities
* Environment: Busy, vibrant with community interaction
Housing Options in the Lockwood Central
Units, Flats, and Apartments
Average Home Prices in the Lockwood Central
* Buying: $300,000 – $450,000
* Renting: $1,000 – $1,400/month
Golden Square

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Located on the outskirts of Lockwood, Golden Square is known for its family-friendly parks and recreational facilities. This suburb offers a welcoming atmosphere with plenty of activities for families.
Characteristics of the Golden Square
* Culture: Family-oriented with playgrounds and sporting facilities
* Transportation: Local bus services and easy access to main roads
* Services: Schools, shopping centres, community services
* Environment: Safe and lively
Housing Options in the Golden Square
Single-family homes, Townhouses
Average Home Prices in the Golden Square
* Buying: $420,000 – $570,000
* Renting: $1,100 – $1,500/month
Gisborne Road Area

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Gisborne Road Area combines the charm of rural living with easy access to city amenities. It's perfect for those seeking a more laid-back lifestyle with plenty of outdoor space.
Characteristics of the Gisborne Road Area
* Culture: Connected with nature and outdoor activities
* Transportation: Car needed; public transport options limited
* Services: Local shops, parks, and schools within reach
* Environment: Tranquil, nature-oriented
Housing Options in the Gisborne Road Area
Acreage properties, Larger homes
Average Home Prices in the Gisborne Road Area
* Buying: $550,000 – $750,000
* Renting: $1,300 – $1,800/month
Bendigo Road Area

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The Bendigo Road Area offers a more suburban lifestyle with quick access to major roads leading into Bendigo. This suburb caters to those who commute while still enjoying a family-friendly environment.
Characteristics of the Bendigo Road Area
* Culture: Suburban living with community engagement
* Transportation: Convenient main road access; bus services available
* Services: Close to schools, shops, and recreational areas
* Environment: Suburban, lively yet peaceful
Housing Options in the Bendigo Road Area
Modern homes, Units
Average Home Prices in the Bendigo Road Area
* Buying: $400,000 – $550,000
* Renting: $1,200 – $1,600/month
Frequently Asked Questions About the Best Residential Areas in Lockwood:
The best residential areas in Lockwood include Lockwood South, Lockwood North, Lockwood Central, Golden Square, Gisborne Road Area, and Bendigo Road Area.
Lockwood South and Golden Square are both highly suited for families due to their community spirit and available amenities.
The average price for a family home in Lockwood ranges from $450,000 to over $800,000, depending on the area and property type.
While Lockwood has limited public transport, areas such as Lockwood Central and Bendigo Road Area offer some bus services for residents.
Gisborne Road Area is known for its proximity to nature and outdoor activities, providing ample space for recreational pursuits.
Lockwood Central and parts of Lockwood South offer more affordable housing options, making it a good place for first-home buyers.
Lockwood offers a quieter, suburban lifestyle with the convenience of being close to Bendigo's urban amenities.
Lockwood features a mix of single-family homes, townhouses, units, and larger acreage properties.
Yes, Lockwood has several schools and educational facilities catering to various age groups.
Lockwood is known for its friendly, close-knit community with various local events and activities fostering engagement.
Conclusion on the Best Residential Areas in Lockwood:
Lockwood, Victoria, presents an attractive mix of suburban and semi-rural living, making it an ideal place for families, first-home buyers, and those looking to escape the hustle and bustle of city life. Each residential area offers unique features to cater to different lifestyles and preferences, from the spacious properties in Lockwood North to the vibrant community feel of Lockwood Central. With various amenities, parks, schools, and easy access to nearby Bendigo, Lockwood is sure to provide a fulfilling living experience for its residents. Whether you're seeking a family home or a tranquil retreat, Lockwood has something to offer everyone.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.