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%