Lakes Entrance is in the TOP 30% in VIC when comparing median price capital growth over the last year. Lakes Entrance gave property investors a good capital gain figure when compared to the rest of the state, with 12.71%.
If we look at median property appreciation over just the last three months, Lakes Entrance has given property investors a paper return of 0.63%. This puts Suburb as 347 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Lakes Entrance 3909 should be seeing an average reduction in asking price of around -4.96% . This means that Lakes Entrance is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 2.76%, investors should hope to achieve an overall return of 4.59%
Over the last year, property investments in Lakes Entrance, 3909 have given investors a capital gain of 9.20%. This compares averagely with the 6.03% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Lakes Entrance,3909 has racked up an average of 9.20% over the period. This ranks it number 1375th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Lakes Entrance are currently offering property investors an average price cut of -4.65% below the asking price at the moment.