If you compare the increase in value of investment property in Lakes Entrance, 3909 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.93%.
A -0.80% growth in median value for property investors in Lakes Entrance,3909 puts this suburb at number 319th in terms of best performing suburbs in VIC
Vendor discounting in Lakes Entrance is giving property investors an average Vendor Discount of around -7.32%. This puts suburb at number 144th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $280 mark per week – giving a return of 5.22% based on the median price in Suburb
VIC has seen average median house prices change by 3.56% which means that Lakes Entrance, 3909 has done well for property investors by showing a capital gain of -12.05% over the last year
Over the longer term, Lakes Entrance has seen property prices show investors a 8.24% return over the last 3 years. This is worse than over the last 12 months
Situated 266.77km from the CBD, Lakes Entrance is one of East Gippsland localities in the postcode 3909.