Suburb Profile
Lake Gardens - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3355
Property investors have seen a 8.28% gain in LAKE GARDENS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LAKE GARDENS, 3355 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $471,000
Profits averaged 1.95% per annum over a 3-year period, due to an upward trend in home prices in LAKE GARDENS, 3355.
This means, real estate investors could earn a rental income of $340 based on current median home prices for the suburb.
The gross rental yield in LAKE GARDENS, 3355 is 3.75%.
An average of 2.33 real estate transactions take place per month in LAKE GARDENS which translates to 28 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $471,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.28% | N/A |
| Median 12 month | -2.89% | N/A |
| Median 3 years | 5.84% | N/A |
| Median 5 years | 22.34% | N/A |
| 10 years average annual | 5.24% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 67.1 days | N/A |
| Gross Rental Yield Percent | 3.75% | N/A |
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