Giving property investors a an average capital gain of 4.72% for the last year, Lakes Entrance, 3909 is the 2050th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Lakes Entrance has given property investors a paper return of 0.36%. This puts Suburb as 493 on a list of fastest fasting appreciating suburbs in VIC
At number 222th of VIC’s most discounted properties, Lakes Entrance is in the bottom 40% of the state/territory when listing in order of most discounted to least.
At number 3614 in a list of fastest selling suburbs, Lakes Entrance is in the bottom 10% of suburbs in Australia with an average of days on market 148.58 for properties listed there.
Property investors should expect to get $280 weekly from the median priced house in this suburb.
Property investors who have had real estate in Lakes Entrance, 3909 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.98%
A 16.73% growth in median value for property investors in Lakes Entrance,3909 puts this suburb at number 2nd in terms of best performing suburbs in VIC
Vendor discounting in Lakes Entrance is giving property investors an average Vendor Discount of around -9.24%. This puts suburb at number 13th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $247.5 and the average annual increase in value of a median property of -0.60%, investors should hope to achieve an overall return of 5.00%