Property value increases in Lakes Entrance have tracked just lower than the VIC average of 8.27% over the last 12 months.
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 fallen somewhat when compared to the 5 year average annual rate.
Lakes Entrance, 3909 is offering VIC ‘s 205th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
At number 3620 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 149.09 for properties listed there.
A $272.5 per week rent on the median house gives suburb investors a gross yield of circa 5.15%, without taking into account capital value appreciation, which has been averaging out at 0.94%.
If you compare the increase in value of investment property in Lakes Entrance, 3909 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.00%.
LACK OF BUYER INTEREST may well be the reason that Lakes Entrance is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in VIC
In the last year 23 properties changed hands in Lakes Entrance, which puts it as the 277th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.