Property investors who have had real estate in Lakes Entrance, 3909 should be relatively 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 7.90%
Lakes Entrance,3909 has offered an average of 7.90% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -6.44% to buyers in Lakes Entrance at the moment, which is less than average for the rest of VIC.
In the last year 117 properties changed hands in Lakes Entrance, which puts it as the 213th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Lakes Entrance being $280000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.20%
Lakes Entrance has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -5.66% to date .
Over the longer term, Lakes Entrance has seen property prices show investors a 7.76% return over the last 3 years. This is worse than over the last 12 months
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 Lakes Entrance, 3909. Typically our figures indicate that -9.56% is being offered, which puts this VIC suburb at 61th most discounted overall in Australia.
In the last year 22 properties changed hands in Lakes Entrance, which puts it as the 284th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $230 and the average annual increase in value of a median property of -0.19%, investors should hope to achieve an overall return of 4.78%