Lucknow is in the TOP 30% in VIC when comparing median price capital growth over the last year. Lucknow gave property investors a good capital gain figure when compared to the rest of the state, with 12.79%.
Over the longer term, Lucknow has seen property prices show investors a 31.25% return over the last 3 years. This is worse than over the last 12 months
Lucknow, 3875 is offering VIC ‘s 606th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
A $287.5 per week rent on the median house gives suburb investors a gross yield of circa 5.18%, without taking into account capital value appreciation, which has been averaging out at 1.91%.
Situated in East Gippsland, the suburb of Lucknow boasts very low-priced housesFull summary
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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.Close