A steady increase in median property prices over a five-year period in the suburb translates to a 3.08% capital gain.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $670,000.
Profits due to an upward trend in home prices there averaged 1.03% per annum over a 3-year period.
Home owners selling their properties and realtors in LAKE WENDOUREE usually have to wait an average of 99.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $370 mark, reflecting a 2.87% increase in returns based on the current median price in LAKE WENDOUREE.
LAKE WENDOUREE, 3350 places 678th in Australia based on median property value growth during the quarter.
Property investors in LAKE WENDOUREE enjoyed capital gains of 3.38% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in LAKE WENDOUREE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $280 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $280 mark, reflecting a 3.97% increase in returns based on the current median price in LAKE WENDOUREE.
LAKE WENDOUREE, 3350 ranks 254th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
LAKE WENDOUREE ranks 183rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.97% return.
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