At number 82th in the list of Australian suburbs ordered by increase in median house value over the last year, Lake Wendouree, 3350 is in the top 10% with a property value increase of 30.47% recorded in median house prices.
Comparing Lake Wendouree,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Lake Wendouree is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 207th in terms of most discounted suburbs in VIC
Situated 103.26km from the CBD, Lake Wendouree is one of Ballarat (C) localities in the postcode 3350.
Property value increases in Lake Wendouree have tracked just higher than the VIC average of 6.11% over the last 12 months.
Across a shorter period, Lake Wendouree, 3350 has seen a median price increase of -7.70% over the last quarter.
At number 1209 in a list of fastest selling suburbs, Lake Wendouree is in the bottom 20% of suburbs in Australia with an average of days on market 110.5 for properties listed there.
Lake Wendouree, 3350’s gross rental yield is 3.61%