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 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|