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Lakes Entrance
AREA REPORTS

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 4.91% growth over a ten-year period. It ranks 2379th 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 10.83% for the past year, which is lower than average compared to its 55.36% growth within a five-year period.

With the median home price in LAKES ENTRANCE sitting at $435,000, and the average rent at $360, property owners could potentially earn a 4.3% 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.

Data report can be found below

Lakes Entrance
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $435,000 $325,000
GROWTH REPORT
Median Quarterly 3.57% 5.18%
Median 12 month 10.83% 20.37%
Median 3 years 35.09% 32.65%
Median 5 years 55.36% 22.64%
10 years average annual 4.91% 4.68%
Weekly media advert. rent $360 $270
Time on Market 70.7 days 100.3 days
Gross Rental Yield Percent 4.3% 4.32%
demographics (median values)*
Total Population
7901
Weekly Household Income
869
Household Size
2.20
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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