If you compare the increase in value of investment property in Lakes Entrance, 3909 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.53%.
When looking at the potential capital gains offered to property investors over the last 3 years, Lakes Entrance comes in at number 563th in VIC.
Property buyers and investors in Lakes Entrance 3909 should be seeing an average reduction in asking price of around -7.06% . This means that Lakes Entrance is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Lakes Entrance the average time real estate has been on the market is 140.66 days.
Property investors should expect to get $280 weekly from the median priced house in this suburb.
Over the last year, property investments in Lakes Entrance, 3909 have given investors a capital gain of -13.39%. This compares very badly with the 4.09% for VIC as a whole.
While Lakes Entrance,3909 ranked number 330th in VIC for increase in median house value (annualised) increase, it is ranked 319th over the last 5 years.
Lakes Entrance is 75th on a list of best yielding suburbs for rents in VIC with a 5.04% return