Suburb Profile Report for Lakes Entrance VIC (3909)

Lakes Entrance House: Median price $275,000, Annual capital growth 1.40%, Number of sales 113, Weekly median advertised rent $280

Lakes Entrance Unit: Median price $260,000, Annual capital growth 0.60%, Number of sales 19, Weekly median advertised rent $225

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 4.76% for the last year, Lakes Entrance, 3909 is the 1967th highest performer in Australia in this respect.

Across a shorter period, Lakes Entrance, 3909 has seen a median price increase of -1.08% over the last quarter.

Property buyers and investors in Lakes Entrance 3909 should be seeing an average reduction in asking price of around -6.99% . This means that Lakes Entrance is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 1.40%, investors should hope to achieve an overall return of 5.29%

Property value increases in Lakes Entrance have tracked lower than the VIC average of 3.63% over the last 12 months.

If we look at median property appreciation over just the last three months, Lakes Entrance has given property investors a paper return of -1.89%. This puts Suburb as 273 on a list of fastest fasting appreciating suburbs in VIC

Situated 266.86km from the CBD, Lakes Entrance is one of East Gippsland localities in the postcode 3909.

HOUSE UNIT
$275,000 $260,000
-1.08% -1.89%
4.76% -6.31%
1.40% 0.60%
$280 $225
113 19
5.29% 4.50%
144.7 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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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
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