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.