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Lakes Entrance, VIC 3909

Home » VIC Real Estate Data » East Gippsland Shire, VIC » Lakes Entrance, VIC 3909

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lakes Entrance, VIC 3909 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lakes Entrance, VIC 3909”

  1. The total adult population (15 years or older) of Lakes Entrance 3909 VIC is 4,392, with a median age of 55. Of those, 45.49% are married, 16.89% are divorced or separated, 28.26% are single and 9.36% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,808. The median monthly mortgage repayment for households in this suburb is $1,227 which is 25.52% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Lakes Entrance (postcode 3909), situated in Victoria (VIC), is home to an estimated 3,950 households. As we delve into the property landscape in Lakes Entrance, the data drawn from Q3 2023 presents an insightful perspective.

    The typical price for houses stands at $592,845, with the median weekly rent at $363. This configuration produces a healthy indicative yield of 3.18%, which ticks the box as a satisfactory return for property investors. The IRSAD score for Lakes Entrance is 887 out of 1,217, indicating a relatively high socio-economic status of the local population, making the area appealing to prospective tenants and buyers.

    In terms of property type distribution, the suburb has a favourable renter to owner ratio of 28% and a units to houses ratio of 17%, which is decidedly beneficial for property investors. Lower ratios here indicate less saturation in the rental market and fewer potential direct competitors amongst landlords.

    However, affordability is a slight concern in Lakes Entrance. The affordability index sits at 48 years, indicating that it may take a higher than average duration to own a house outright in this area. This might somewhat restrict the potential buyer pool.

    Examining supply metrics, the stock on the market percentage for houses is 0.64%, falling into the neutral category. Furthermore, the inventory level for houses is at 3.08 months, suggesting a balance between supply and demand. The building approvals ratio at 0.26% indicates a limited supply of new houses entering the market, which could potentially sustain steady property prices.

    Demand metrics present a mixed picture. The number of days houses stay on the market is 97, indicating a somewhat lower demand. However, with a vacancy rate, combining houses and units, at 1.56%, it signifies high demand and limited supply. The buy search index is measured at 4, which is relatively neutral; not excessively high, but not on the lower side either.

    In summary, Lakes Entrance boasts a plethora of favourable metrics for property investors, despite certain challenges in demand and affordability. As with any market situation, it’s key to observe trends and integrate data-backed insights into your property investment strategy. Additionally, the use of RCS (Relative Composite Score) from HtAG Analytics can automate the process, providing a detailed overview of the property landscape using more than 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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