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Lakes Entrance

Lakes Entrance - SUBURB PROFILE REPORT
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 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.

Data report can be found below

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%
demographics (median values)
Total Population
4093
Weekly Household Income
568.2
Household Size
2.20
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