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 decrease in value by -2.24%
Comparing Lake Wendouree,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Lake Wendouree should be aiming for at least -7.26% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Lake Wendouree the average time real estate has been on the market is 74.76 days.
Lake Wendouree is in the TOP 10% in VIC when comparing median price capital growth over the last year. Lake Wendouree gave property investors a very good capital gain figure when compared to the rest of the state, with 15.07%.
Across a shorter period, Lake Wendouree, 3350 has seen a median price increase of -1.11% over the last quarter.