VIC has seen average median house prices change by -1.79% which means that Lake Wendouree, 3350 has not done well for property investors by showing a capital gain of 21.43% over the last year
Comparing Lake Wendouree,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Lake Wendouree are currently offering property investors an average price cut of -6.10% below the asking price at the moment.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
With the median price for a house in Lake Wendouree being $765000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 2.52%
Investment property in Lake Wendouree has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.48%
Taking the average capital gain, or increase in median house value, Lake Wendouree,3350 has racked up an average of 12.48% over the period. This ranks it number 51th in the whole country for real estate investors looking at median house price increases.
At number 987 in a list of fastest selling suburbs, Lake Wendouree is in the bottom 30% of suburbs in Australia with an average of days on market 96.5455 for properties listed there.