With a capital gain of 1.27% for the last 12 months, Lakes Entrance, 3909 has performed for property investments than its average annual 0.86% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Lakes Entrance,3909 has racked up an average of 1.27% over the period. This ranks it number 2652th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Lakes Entrance itself are offering an average vendor discount of -7.31% to real estate investors.
On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.
Lakes Entrance, 3909’s gross rental yield is 5.29%
Investment property in Lakes Entrance has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.66%
Lakes Entrance,3909 has offered an average of -5.66% return per annum in house price rises to property investors over the last three years.
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 -6.56% is being offered, which puts this VIC suburb at 339th most discounted overall in Australia.
Property investors should expect to get $230 weekly from the median priced house in this suburb.