Property investors have seen a -5.81% drop in LAKE GARDENS based on a decrease 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 $405,000
Profits averaged -4.02% per annum over a 3-year period, due to an downward 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 4.37%.
An average of 2.75 real estate transactions take place per month in LAKE GARDENS which translates to 33 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $405,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.81% | N/A |
| Median 12 month | -16.49% | N/A |
| Median 3 years | -12.05% | N/A |
| Median 5 years | 6.3% | N/A |
| 10 years average annual | 3.79% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 71.3 days | N/A |
| Gross Rental Yield Percent | 4.37% | N/A |
If Apra think they are going to lower...
Hopefully this will increase the value...
Great post! I must appreciate that you...