Suburb Profile Report for Lake Tyers Beach VIC (3909)

Lake Tyers Beach House: Median price $276,500, Annual capital growth 3.89%, Number of sales 15, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Lake Tyers Beach, 3909 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -21.00%.

Across a shorter period, Lake Tyers Beach, 3909 has seen a median price increase of -0.63% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lake Tyers Beach, 3909. Typically our figures indicate that -7.12% is being offered, which puts this VIC suburb at 1206th most discounted overall in Australia.

Situated 274.11km from the CBD, Lake Tyers Beach is one of East Gippsland localities in the postcode 3909.

HOUSE UNIT
$276,500 N/A
-0.63% N/A
-21.00% N/A
3.89% N/A
$260 N/A
15 N/A
4.89% N/A
190.68 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 868
Median household income ($/weekly) 892
Median age of persons 44
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 111 12.8
    35-44 years 123 14.2
    45-54 years 110 12.7
    55-64 years 140 16.2
    65-74 years 113 13.0
    Others 269 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 340 56.7
    Not Married 198 33.0
    Defacto Relationship 62 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 717 88.7
    Fiji 4 0.5
    Italy 6 0.7
    New Zealand 6 0.7
    United Kingdom 52 6.4
    Others 23 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 508 65.6
    No Religion 257 33.2
    Buddhism 6 0.8
    Other Religious Groups 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 45 15.4
    $600-$799 45 15.4
    $800-$999 37 12.6
    $1,000-$1,249 28 9.6
    $1,500-$1,999 37 12.6
    Others 101 34.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 302 44.7
    Employed, worked full-time 181 26.8
    Employed, worked part-time 147 21.8
    Employed, away from work 30 4.4
    Unemployed, looking for work 15 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 44 12.2
    Professionals 68 18.9
    Technicians & trades workers 56 15.6
    Community & personal service workers 63 17.5
    Clerical & administrative workers 41 11.4
    Others 88 24.4
    Occupation
    Census Count Percent(%)
    Pre-school 13 7.3
    Infants/Primary 75 42.1
    Secondary 55 30.9
    Technical or Further Educational Institution 24 13.5
    University or other Tertiary Institutions 8 4.5
    Others 3 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 767 99.6
    Caravan, cabin, houseboat 3 0.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 141 44.5
    Being purchased 114 36.0
    Rented 59 18.6
    Other tenure type 3 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals