Suburb Profile Report for Lakes Entrance VIC (3909)

Lakes Entrance House: Median price $280,000, Annual capital growth 0.85%, Number of sales 119, Weekly median advertised rent $285

Lakes Entrance Unit: Median price $265,000, Annual capital growth 0.55%, Number of sales 23, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Lakes Entrance has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.75% to date .

Taking the average capital gain, or increase in median house value, Lakes Entrance,3909 has racked up an average of 2.75% over the period. This ranks it number 2728th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Lakes Entrance is giving property investors an average Vendor Discount of around -7.05%. This puts suburb at number 143th in VIC when ranking the most discounted suburbs.

The VIC suburb of Lakes Entrance, 3909 is in the East Gippsland local government area.

Lakes Entrance is in the bottom 40% in VIC when comparing median price capital growth over the last year. Lakes Entrance gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.

Across a shorter period, Lakes Entrance, 3909 has seen a median price increase of -2.75% over the last quarter.

Property investors looking for a bargain in Lakes Entrance should be aiming for at least -7.05% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 23 properties changed hands in Lakes Entrance, which puts it as the 281th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$280,000 $265,000
0.00% -2.75%
2.75% 0.00%
0.85% 0.55%
$285 $230
119 23
5.29% 4.51%
152.26 166.69

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
Find a mortgage broker in Lakes Entrance VIC
Demographics
Total population 4569
Median household income ($/weekly) 694
Median age of persons 49
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 490 10.7
    35-44 years 461 10.1
    45-54 years 579 12.7
    55-64 years 716 15.7
    65-74 years 686 15.0
    Others 1637 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 1613 49.5
    Not Married 1364 41.9
    Defacto Relationship 280 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3595 86.1
    New Zealand 43 1.0
    Papua New Guinea 50 1.2
    United Kingdom 231 5.5
    Other 53 1.3
    Others 201 4.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.6
    Christianity 2740 69.6
    Hinduism 6 0.2
    Other Religious Groups 15 0.4
    No Religion 1142 29.0
    Others 9 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 235 14.6
    $400-$599 305 19.0
    $600-$799 245 15.3
    $800-$999 168 10.5
    $1,000-$1,249 123 7.7
    Others 529 33.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1867 52.9
    Employed, worked full-time 803 22.7
    Employed, worked part-time 598 16.9
    Unemployed, looking for work 132 3.7
    Employed, away from work 130 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 193 12.6
    Technicians & trades workers 247 16.1
    Community & personal service workers 199 13.0
    Sales 185 12.1
    Labourers 268 17.5
    Others 439 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 68 8.9
    Infants/Primary 265 34.8
    Secondary 243 31.9
    Technical or Further Educational Institution 116 15.2
    University or other Tertiary Institutions 39 5.1
    Others 30 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3320 82.9
    Flat, unit or apartment 288 7.2
    Semi-detached, row or terrace house, townhouse 203 5.1
    Caravan, cabin, houseboat 170 4.2
    House or flat attached to a shop, office 26 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 807 45.6
    Rented 569 32.2
    Being purchased 380 21.5
    Other tenure type 12 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals