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lakes entrance
3909, Victoria
Real Estate & Property Information
Median
Price Rank 515
Price Rank 515
lakes entrance Suburb Profile & Review
Lakes Entrance can be found at the end of 90 Mile Beach, one of the world's longest uninterrupted beaches. It marks the beginning of the man-made channel that connects the Gippsland Lakes with the choppy waters of Bass Strait. It is known for being a fishing port, and many major commercial fishing operators work from the town's beachfront.
The Esplanade and Myer Street are the two main shopping districts, and gorgeous cafes and shops line the waterfront. The beach is a short walk across the landmark footbridge that crosses the Cunninghame Arm inlet. The water here is popular with both swimmers and surfers. Those less game to enter the rough Bass Strait waters have the option of taking a scenic walk along this stretch through native bushland reserves.
Four hours from Melbourne by car, this sleepy seaside town is treated to an influx of visitors during the summer months. There are a number of bus routes that take residents to nearby areas such as Kalimna. The Lakes Entrance Golf Club boasts some spectacular views, and is a popular leisure destination for both residents and visitors.
Invest/Buy/Sell Checklist
Research
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- Property/Suburb Report
- Buyer/Vendor Advocacy
- Finance Strategy & Lending
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Buyer/Vendor Advocacy Enquiry
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Finance Strategy & Lending Enquiry
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Obtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Ownership Structure Enquiry
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Property Valuation Enquiry
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Rental Appraisal Enquiry
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
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Building & Pest Inspection Enquiry
Understand the Condition of Your Property Before You Buy
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Post Purchase
- Landlords Insurance
- Depreciation Schedule
- 1. Capital works allowance (Division 43) Takes into account the construction costs of the building itself, such as concrete and brickwork
- 2. Plant and equipment (Division 40) A deduction available for removable assets identified by the ATO that depreciate at a faster rate than the building eg carpet, dishwasher, blinds, ovens.
- Removalist
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Depreciation Schedule Enquiry
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
Tax Depreciation Calculator
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Removalist Enquiry
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Take the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
Would you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?
Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.
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Trades Enquiry
Find a Qualified Local Tradesperson
Finding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.
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lakes entrance Demographic Data
$ 300,000 Median House Price
220 Minutes Average Commute
49 Median Age
4,569 Population
51.19 % Female
51.00 % Male
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in lakes entrance, Victoria.
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lakes entrance Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
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lakes entrance 5 Year Median House Prices
Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in lakes entrance have performed, and it usually indicates how they will perform in the future.
Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term lakes entrance property price predictions.
lakes entrance Market Property Types
- 77 % Seperate House
- 7 % Semi Detached
- 10 % Flat or Unit
- 7 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
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lakes entrance Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
lakes entrance Income & Mortgage Stats
- $ 694 Median Weekly Household Income
- $ 1,300 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in lakes entrance
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
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lakes entrance Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
lakes entrance Sold Property Prices
32 ODONNELL DRIVE
139 OSTLERS RD
5 FOAM STREET
164 THORPES LANE
29 Stirling Drive
6 Tanjil Grove
lakes entrance Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
Agents Coming Soon
lakes entrance Related Local Blog Posts
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lakes entrance Cafes
- The Crepe Kitchen3 Carpenter Stlakes entrance VIC 390903 5155 2660
- Lakes Patisserie307 Esplanadelakes entrance VIC 390903 5155 1692
- DJ's Footbridge Diner581 Esplanadelakes entrance VIC 390903 5155 1421
Find out How Much your House is Worth in lakes entrance
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