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 2.46% growth over a ten-year period. It ranks 2745th 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 12.5% for the past year, which is higher than average compared to its 16.67% growth within a five-year period.
With the median home price in LAKES ENTRANCE sitting at $315,000, and the average rent at $280, property owners could potentially earn a 4.62% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LAKES ENTRANCE are high, 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 11.76% capital gain.
Property investors enjoyed capital gains of 9.62% over the last 12 months in LAKES ENTRANCE, translating to lower returns compared with its peers in VIC.
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 $285,000.
Profits due to an upward trend in home prices in LAKES ENTRANCE, 3909 averaged 3.92% per annum over a 3-year period.
Home owners selling their properties and realtors in LAKES ENTRANCE usually have to wait an average of 121.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $270 mark, reflecting a 4.93% increase in returns based on the current median price in LAKES ENTRANCE.
LAKES ENTRANCE, 3909 places 62nd in Australia based on median property value growth during the quarter.