Lucknow, 3875 ranked 14th in VIC when comparing growth in median property values or capital gain over the last 12 months. Lucknow is one of 2098 in our list for VIC
Across a shorter period, Lucknow, 3875 has seen a median price increase of 7.55% over the last quarter.
Lucknow3875 is located in VIC which offers an average discount of -5.20% to property investors. Lucknow itself is showing figures that indicate -3.12% is the average achievable by property buyers investing in the suburb.
Situated in East Gippsland, the suburb of Lucknow boasts very low-priced housesFull summary
Information supplied by:
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