VIC/
Lake gardens

Suburb Profile

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

house

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
demographics (median values)
Total Population
1754
Weekly Household Income
1283
Household Size
2.80
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