Property value increases in Lakes Entrance have tracked just higher than the VIC average of -1.69% over the last 12 months.
If we look at median property appreciation over just the last three months, Lakes Entrance has given property investors a paper return of 0.79%. This puts Suburb as 197 on a list of fastest fasting appreciating suburbs in VIC
Lakes Entrance3909 is located in VIC which offers an average discount of -6.82% to property investors. Lakes Entrance itself is showing figures that indicate -6.50% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Lakes Entrance being $317500 and the advertised rent reaching $322 the gross rental yield for property investors calculates out to be 5.27%
Over the last year, property investments in Lakes Entrance, 3909 have given investors a capital gain of -18.70%. This compares very badly with the 0.10% for VIC as a whole.
The five-year average increase in median property values for Lakes Entrance,3909 has given property investors a potential capital gain of 4.82% across each of those five years.
Vendor discounting in Lakes Entrance is giving property investors an average Vendor Discount of around -8.19%. This puts suburb at number 32th in VIC when ranking the most discounted suburbs.
In the last year 17 properties changed hands in Lakes Entrance, which puts it as the 273th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $270 weekly from the median priced house in this suburb.