Lucknow is in the bottom 10% in VIC when comparing median price capital growth over the last year. Lucknow gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.66%.
Taking the average capital gain, or increase in median house value, Lucknow,3875 has racked up an average of -3.66% over the period. This ranks it number 3400th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Lucknow is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 317th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 0.52%, investors should hope to achieve an overall return of 6.73%