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Lakes EntranceLakes Entrance - SUBURB PROFILE REPORT
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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 3.57% growth over a ten-year period. It ranks 2238th 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 (S).
LAKES ENTRANCE, 3909 has a capital gain of 17.56% for the past year, which is higher than average compared to its 35.45% growth within a five-year period.
With the median home price in LAKES ENTRANCE sitting at $351,500, and the average rent at $310, property owners could potentially earn a 4.59% 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 17.56% increase in median property prices in LAKES ENTRANCE, 3909 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 75th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $351,500 | $215,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.08% | 0% |
| Median 12 month | 17.56% | -9.66% |
| Median 3 years | 25.54% | -23.21% |
| Median 5 years | 35.45% | -18.87% |
| 10 years average annual | 3.57% | 0.57% |
| Weekly media advert. rent | $310 | $257.5 |
| Time on Market | 99.4 days | 122.5 days |
| Gross Rental Yield Percent | 4.59% | 6.23% |
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