Property value increases in Lake Wendouree have tracked just lower than the VIC average of 8.23% over the last 12 months.
Across a shorter period, Lake Wendouree, 3350 has seen a median price increase of 0.00% over the last quarter.
Our latest figures would indicate that property sellers in Lake Wendouree are currently offering property investors an average price cut of -6.52% below the asking price at the moment.
At number 724 in a list of fastest selling suburbs, Lake Wendouree is in the TOP 20% of suburbs in Australia with an average of days on market 53.54 for properties listed there.
Lake Wendouree, 3350’s gross rental yield is 2.29%
At number 1114th in the list of Australian suburbs ordered by increase in median house value over the last year, Lake Wendouree, 3350 is in the BOTTOM 40% with a property value increase of 0.49% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Lake Wendouree,3350 has racked up an average of 0.49% over the period. This ranks it number 1528th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Lake Wendouree is $306500, with sellers offering an average of -5.85% off the asking price.
Advertised rents are around the $277.5 mark per week – giving a return of 4.71% based on the median price in Suburb