Suburb Profile Report for Lakes Entrance VIC (3909)

Lakes Entrance House: Median price $280,000, Annual capital growth 1.13%, Number of sales 116, Weekly median advertised rent $280

Lakes Entrance Unit: Median price $265,000, Annual capital growth -0.03%, Number of sales 23, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Lakes Entrance is in the bottom 30% in VIC when comparing median price capital growth over the last year. Lakes Entrance gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.82%.

When looking at the potential capital gains offered to property investors over the last 3 years, Lakes Entrance comes in at number 570th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lakes Entrance, 3909. Typically our figures indicate that -6.11% is being offered, which puts this VIC suburb at 1722th most discounted overall in Australia.

Often selling an investment property can take time, and in Lakes Entrance the average time real estate has been on the market is 151.22 days.

Situated 267.57km from the CBD, Lakes Entrance is one of East Gippsland localities in the postcode 3909.

Lakes Entrance, 3909 ranked 148th in VIC when comparing growth in median property values or capital gain over the last 12 months. Lakes Entrance is one of 2098 in our list for VIC

Lakes Entrance,3909 was ranked 762 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Lakes Entrance are currently offering property investors an average price cut of -7.39% below the asking price at the moment.

On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.

Renters in Suburb are facing rents around $3000 per annum or $250 every week.

Metrics i HOUSE UNIT
$280,000 $265,000
0.36% 0.95%
1.82% 6.00%
1.13% -0.03%
$280 $250
116 23
5.20% 4.91%
151.22 170.08

Source: CoreLogic

DSR Score for property investment : Balanced (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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Recent sales & rentals