Lake Wendouree is in the bottom 40% in VIC when comparing median price capital growth over the last year. Lake Wendouree gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.62%.
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 -7.84% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
Advertised rents are around the $300 mark per week – giving a return of 2.29% based on the median price in Suburb
With a capital gain of -10.15% for the last 12 months, Lake Wendouree, 3350 has performed for property investments than its average annual 1.19% property growth over the last 5 years.
The five-year average increase in median property values for Lake Wendouree,3350 has given property investors a potential capital gain of -16.30% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.33% offered to property buyers. Sellers in Lake Wendouree itself are offering an average vendor discount of -6.22% to real estate investors.
Often selling an investment property can take time, and in Lake Wendouree the average time real estate has been on the market is 104.4 days.