Lakes Entrance is in the bottom 30% 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 1.82%.
When looking at the potential capital gains offered to property investors over the last 3 years, Lakes Entrance comes in at number 570th in VIC.
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 -6.11% is being offered, which puts this VIC suburb at 1722th most discounted overall in Australia.
Often selling an investment property can take time, and in Lakes Entrance the average time real estate has been on the market is 151.22 days.
Situated 267.57km from the CBD, Lakes Entrance is one of East Gippsland localities in the postcode 3909.
Lakes Entrance, 3909 ranked 148th in VIC when comparing growth in median property values or capital gain over the last 12 months. Lakes Entrance is one of 2098 in our list for VIC
Lakes Entrance,3909 was ranked 762 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Lakes Entrance are currently offering property investors an average price cut of -7.39% below the asking price at the moment.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.