Lucknow

POSTAL CODE: VIC, 3875

HOUSE

Figures from the previous quarter show that capital gains for real estate buyers in LUCKNOW are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $540 based on current median home prices for the suburb.

On average, rents on listings have reached the $540 mark, reflecting a 5.85% increase in returns based on the current median price in LUCKNOW.

LUCKNOW, 3875 ranks 561st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 9th on the list of best yielding suburbs for rental properties in VIC, posting a 5.85% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$480,000	N/A
Growth Report
Median Quarterly	1.86%	N/A
Median 12 month	-1.94%	N/A
Median 3 years	15.25%	N/A
Median 5 years	40.76%	N/A
10 years average annual	8.09%	N/A
Weekly media advert. rent	$540	N/A
Time on Market	80.5 days	N/A
Gross Rental Yield Percent	5.85%	N/A

Demographics (Median Values)*

Total Population 18625

Weekly Household Income 1026

Household Size 2.30

Average Age 45

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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