Property investors who have had real estate in Lake Wendouree, 3350 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.50%
The five-year average increase in median property values for Lake Wendouree,3350 has given property investors a potential capital gain of 6.60% across each of those five years.
Vendor discounting in Lake Wendouree is giving property investors an average Vendor Discount of around -6.99%. This puts suburb at number 154th in VIC when ranking the most discounted suburbs.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 2.50%, without taking into account capital value appreciation, which has been averaging out at 7.21%.
With a capital gain of 24.59% for the last 12 months, Lake Wendouree, 3350 has performed for property investments than its average annual 5.79% property growth over the last 5 years.
A 20.63% growth in median value for property investors in Lake Wendouree,3350 puts this suburb at number 2nd in terms of best performing suburbs in VIC
Renters in Suburb are facing rents around $3480 per annum or $290 every week.