Suburb Profile Report for Lakes Entrance VIC (3909)

Lakes Entrance House: Median price $320,000, Annual capital growth 2.21%, Number of sales 128, Weekly median advertised rent $310

Lakes Entrance Unit: Median price $220,000, Annual capital growth -0.34%, Number of sales 35, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 0.31% for the last 12 months, Lakes Entrance, 3909 has performed for property investments than its average annual 2.21% property growth over the last 5 years.

Across a shorter period, Lakes Entrance, 3909 has seen a median price increase of 4.92% over the last quarter.

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 Lakes Entrance, 3909. Typically our figures indicate that -5.94% is being offered, which puts this VIC suburb at 1799th most discounted overall in Australia.

Often selling an investment property can take time, and in Lakes Entrance the average time real estate has been on the market is 110.576 days.

Lakes Entrance is 90th on a list of best yielding suburbs for rents in VIC with a 5.04% return

Investment property in Lakes Entrance has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.20%

Comparing Lakes Entrance,3909 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property investors looking for a bargain in Lakes Entrance should be aiming for at least -7.51% off the asking price, which is the average vendor discount being achieved at the moment.

Lakes Entrance, 3909’s gross rental yield is 5.91%

Metrics i HOUSE UNIT
$320,000 $220,000
4.92% -1.57%
0.31% -10.20%
2.21% -0.34%
$310 $250
128 35
5.04% 5.91%
110.576086956522 137.75

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4569
Median household income ($/weekly) 694
Median age of persons 49
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 490 10.7
    35-44 years 461 10.1
    45-54 years 579 12.7
    55-64 years 716 15.7
    65-74 years 686 15.0
    Others 1637 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 1613 49.5
    Not Married 1364 41.9
    Defacto Relationship 280 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3595 86.1
    New Zealand 43 1.0
    Papua New Guinea 50 1.2
    United Kingdom 231 5.5
    Other 53 1.3
    Others 201 4.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.6
    Christianity 2740 69.6
    Hinduism 6 0.2
    Other Religious Groups 15 0.4
    No Religion 1142 29.0
    Others 9 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 235 14.6
    $400-$599 305 19.0
    $600-$799 245 15.3
    $800-$999 168 10.5
    $1,000-$1,249 123 7.7
    Others 529 33.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1867 52.9
    Employed, worked full-time 803 22.7
    Employed, worked part-time 598 16.9
    Unemployed, looking for work 132 3.7
    Employed, away from work 130 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 193 12.6
    Technicians & trades workers 247 16.1
    Community & personal service workers 199 13.0
    Sales 185 12.1
    Labourers 268 17.5
    Others 439 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 68 8.9
    Infants/Primary 265 34.8
    Secondary 243 31.9
    Technical or Further Educational Institution 116 15.2
    University or other Tertiary Institutions 39 5.1
    Others 30 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3320 82.9
    Flat, unit or apartment 288 7.2
    Semi-detached, row or terrace house, townhouse 203 5.1
    Caravan, cabin, houseboat 170 4.2
    House or flat attached to a shop, office 26 0.6
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 807 45.6
    Rented 569 32.2
    Being purchased 380 21.5
    Other tenure type 12 0.7
    Tenure Type
Census 2011, ABS
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