Lakes Entrance, VIC 3909
Compare Part of East Gippsland
265.23 km
Distance from Melbourne CBD
8 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $287,500 | 0.0% | $120,000 | $582,000 | 67 |
| 2010 | $277,500 | -3.6% | $108,000 | $3,000,000 | 79 |
| 2011 | $290,000 | +4.3% | $152,500 | $840,000 | 108 |
| 2012 | $260,000 | -11.5% | $95,000 | $880,000 | 81 |
| 2013 | $269,500 | +3.5% | $125,000 | $635,000 | 108 |
| 2014 | $265,000 | -1.7% | $81,000 | $600,000 | 188 |
| 2015 | $260,000 | -1.9% | $41,500 | $725,000 | 95 |
| 2016 | $310,000 | +16.1% | $136,000 | $890,000 | 141 |
| 2017 | $310,000 | 0.0% | $150,000 | $665,000 | 126 |
| 2018 | $330,000 | +6.1% | $170,000 | $840,000 | 138 |
| 2019 | $315,000 | -4.8% | $160,000 | $820,000 | 120 |
| 2020 | $395,000 | +20.3% | $180,000 | $830,000 | 129 |
| 2021 | $450,000 | +12.2% | $275,000 | $1,620,000 | 169 |
| 2022 | $540,000 | +16.7% | $240,000 | $1,200,000 | 86 |
| 2023 | $510,000 | -5.9% | $367,000 | $1,250,000 | 69 |
| 2024 | $600,000 | +15.0% | $440,000 | $745,000 | 18 |
Median Sale Price
$520K
Based on 66 recorded sales within the last 12 months
Updated on 19 Apr 2024
Suburb Growth
+1.0%
Current Median Price: $520,000
Previous Median Price: $515,000
Based on 145 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $260 | 0.0% | $165 | $400 | 45 |
| 2012 | $260 | 0.0% | $175 | $380 | 66 |
| 2013 | $270 | +3.7% | $170 | $1,500 | 95 |
| 2014 | $280 | +3.6% | $165 | $500 | 146 |
| 2015 | $280 | 0.0% | $130 | $13,260 | 119 |
| 2016 | $290 | +3.4% | $220 | $400 | 76 |
| 2017 | $290 | 0.0% | $185 | $525 | 83 |
| 2018 | $320 | +9.4% | $180 | $750 | 79 |
| 2019 | $320 | 0.0% | $220 | $475 | 64 |
| 2020 | $320 | 0.0% | $200 | $580 | 71 |
| 2021 | $360 | +11.1% | $225 | $500 | 32 |
| 2022 | $400 | +10.0% | $280 | $530 | 59 |
| 2023 | $430 | +7.0% | $280 | $650 | 97 |
| 2024 | $430 | 0.0% | $400 | $550 | 14 |
Median Rent Price
$420
per week
Based on 78 recorded rent within the last 12 months
Updated on 19 Apr 2024
Rent Price Growth
-2.4%
Current Median Rent: $420
Previous Median Rent: $430
Based on 151 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $520,000
Current Median rent: $420
Based on 144 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Lakes Entrance
Houses sold in Last 12 months ends 13 Apr 2024
$850K
Median Sale Price
100%
Clearance Rate
4/4
Sold/Reported
$900K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M (Median Price Range) | 3 | |
| $600 K - $800 K | 1 | |
Similar Suburbs to Lakes Entrance 3909
Based on median house sale price sold in last 12 months
Schools closest to Lakes Entrance, VIC 3909
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Lakes Entrance Primary School | 49 MYER STREETLakes Entrance 3909 | Primary | Government | 1.13 km |
| Lakes Entrance Secondary College | 1-11 NORTH STREETLakes Entrance 3909 | Secondary | Government | 1.84 km |