Suburb Profile Report for Lakes Entrance VIC (3909)

Lakes Entrance House: Median price $277,500, Annual capital growth 1.36%, Number of sales 113, Weekly median advertised rent $280

Lakes Entrance Unit: Median price $257,500, Annual capital growth -0.60%, Number of sales 24, Weekly median advertised rent $248

  • 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 4.72% 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%

HOUSE UNIT
$277,500 $257,500
0.36% 28.75%
4.72% 0.98%
1.36% -0.60%
$280 $248
113 24
5.25% 5.00%
148.58 177.08

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (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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Recent sales & rentals