Suburb Profile Report for Lakes Entrance VIC (3909)

Lakes Entrance House: Median price $317,500, Annual capital growth 2.55%, Number of sales 103, Weekly median advertised rent $322

Lakes Entrance Unit: Median price $222,750, Annual capital growth 1.10%, Number of sales 17, Weekly median advertised rent $270

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$317,500 $222,750
0.79% 0.34%
0.79% -18.70%
2.55% 1.10%
$322 $270
103 17
5.27% 6.30%
106.538461538462 130

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (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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