With a capital gain of -5.59% for the last 12 months, Lucknow, 3875 has performed for property investments than its average annual 4.97% property growth over the last 5 years.
The five-year average increase in median property values for Lucknow,3875 has given property investors a potential capital gain of 21.09% across each of those five years.
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 Lucknow, 3875. Typically our figures indicate that -5.75% is being offered, which puts this VIC suburb at 1929th most discounted overall in Australia.
In the last year 22 properties changed hands in Lucknow, which puts it as the 575th most active market in VIC when comparing the number of sales per suburb.
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Buyers on a budget look to rising suburb
Median house price: $240,000
Three-year growth: 3.4%
Rental yield: 6.7%
Situated in East Gippsland, the suburb of Lucknow boasts very low-priced houses.
Lucknow’s rise began only three years ago, but the increasing rates of growth indicate that this suburb has potential. Over the last 12 months leading up to November 2017, house prices went up by 7.1%, and this trend is set to continue based on the 11.6% hike recorded in the November 2017 quarter.
Even then, the median value remains under $250,000, which is ideal for buyers who are looking to save. The average rental yield is very high at 6.7%, which could appeal to investors seeking cash flow.
Lucknow sits on the Mitchell River, and provides easy access to the regional centre of Bairnsdale. Thus, schools and train transport are close by.