Lakes Entrance

POSTAL CODE: VIC, 3909

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains LAKES ENTRANCE, 3909 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that LAKES ENTRANCE, 3909 obtained a 7.73% growth over a ten-year period. It ranks 1427th on our list of suburbs that property investors should look into.

LAKES ENTRANCE, 3909 in VIC belongs to the local government area of East Gippsland.

LAKES ENTRANCE, 3909 has a capital gain of -3.85% for the past year, which is lower than average compared to its 34.23% growth within a five-year period.

With the median home price in LAKES ENTRANCE sitting at $500,000, and the average rent at $477.5, property owners could potentially earn a 4.97% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in LAKES ENTRANCE, 3909 translates to a -5.38% capital gain.

LAKES ENTRANCE, 3909 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 $440,000.

Profits due to an downward trend in home prices in LAKES ENTRANCE, 3909 averaged -1.79% per annum over a 3-year period.

Home owners selling their properties and realtors in LAKES ENTRANCE usually have to wait an average of 101 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $332.5 mark, reflecting a 3.93% increase in returns based on the current median price in LAKES ENTRANCE.

LAKES ENTRANCE, 3909 places 364th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$500,000	$440,000
Growth Report
Median Quarterly	1.01%	-8.33%
Median 12 month	-3.85%	-15.3%
Median 3 years	-10.71%	-5.38%
Median 5 years	34.23%	62.96%
10 years average annual	7.73%	6.55%
Weekly media advert. rent	$478	$333
Time on Market	131.3 days	101 days
Gross Rental Yield Percent	4.97%	3.93%

Demographics (Median Values)*

Total Population 7901

Weekly Household Income 869

Household Size 2.20

Average Age 52

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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