Property Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
Property investors have seen a 5.19% gain in LAKE GARDENS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on LAKE GARDENS, 3355 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.92%.
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 $710,000
Profits averaged 5.95% 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 $420 based on current median home prices for the suburb.
The gross rental yield in LAKE GARDENS, 3355 is 3.08%.
An average of 3.75 real estate transactions take place per month in LAKE GARDENS which translates to 45 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.92%||N/A|
|Median 3 years||17.84%||N/A|
|Median 5 years||44.9%||N/A|
|10 years average annual||6.61%||N/A|
|Weekly media advert. rent||$420||N/A|
|Time on Market||31.2 days||N/A|
|Gross Rental Yield Percent||3.08%||N/A|