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Lake Gardens

Suburb Profile

Lake Gardens - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3355

house

Property investors have seen a 3.14% 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 15.56%.

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 $624,000

Profits averaged 10.83% 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 2.92%.

An average of 2.17 real estate transactions take place per month in LAKE GARDENS which translates to 26 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $624,000 N/A
GROWTH REPORT
Median Quarterly 3.14% N/A
Median 12 month 15.56% N/A
Median 3 years 32.48% N/A
Median 5 years 36.54% N/A
10 years average annual 6.05% N/A
Weekly media advert. rent $350 N/A
Time on Market 30.0 days N/A
Gross Rental Yield Percent 2.92% N/A
demographics (median values)
Total Population
1754
Weekly Household Income
1283
Household Size
2.80
demographics
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