With a capital gain of 7.90% for the last 12 months, Lakes Entrance, 3909 has performed for property investments than its average annual 1.68% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Lakes Entrance has given property investors a paper return of 3.32%. This puts Suburb as 253 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Lakes Entrance should be aiming for at least -6.24% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Lakes Entrance the average time real estate has been on the market is 148.5 days.
A $275 per week rent on the median house gives suburb investors a gross yield of circa 5.11%, without taking into account capital value appreciation, which has been averaging out at 1.68%.
If you compare the increase in value of investment property in Lakes Entrance, 3909 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.66%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lakes Entrance has increased when compared to the 5 year average annual rate.
Lakes Entrance, 3909 is offering VIC ‘s 14th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
Renters in Suburb are facing rents around $2850 per annum or $237.5 every week.