Suburb Profile
Lake Gardens - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3355
Property investors have seen a 6% 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 11.58%.
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 $477,000
Profits averaged 2.4% 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 $350 based on current median home prices for the suburb.
The gross rental yield in LAKE GARDENS, 3355 is 3.82%.
An average of 2.83 real estate transactions take place per month in LAKE GARDENS which translates to 34 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $477,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6% | N/A |
| Median 12 month | 11.58% | N/A |
| Median 3 years | 7.19% | N/A |
| Median 5 years | 15.64% | N/A |
| 10 years average annual | 3.9% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 60.6 days | N/A |
| Gross Rental Yield Percent | 3.82% | N/A |
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