With a capital gain of 10.29% for the last 12 months, Lake Wendouree, 3350 has performed for property investments than its average annual 6.57% property growth over the last 5 years.
A 25.00% growth in median value for property investors in Lake Wendouree,3350 puts this suburb at number 38th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Lake Wendouree itself are offering an average vendor discount of -8.16% to real estate investors.
Lake Wendouree is 510th on a list of best yielding suburbs for rents in VIC with a 2.29% return
Property investors who have had real estate in Lake Wendouree, 3350 should be pleased 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 32.32%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lake Wendouree has increased when compared to the 5 year average annual rate.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 7.67%.