If you compare the increase in value of investment property in Lake Wendouree, 3350 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.21%.
The five-year average increase in median property values for Lake Wendouree,3350 has given property investors a potential capital gain of 6.40% 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 -5.80% offered to property buyers. Sellers in Lake Wendouree itself are offering an average vendor discount of -7.69% to real estate investors.
Advertised rents are around the $320 mark per week – giving a return of 2.50% based on the median price in Suburb
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 27.54%
Taking the average capital gain, or increase in median house value, Lake Wendouree,3350 has racked up an average of 27.54% over the period. This ranks it number 262th in the whole country for real estate investors looking at median house price increases.
Lake Wendouree, 3350’s gross rental yield is 3.74%