Lakes Entrance VIC 3909
Lakes Entrance is in East Gippsland LGA, VIC, postcode 3909, with population 5,145.
Strong evidence
Lakes Entrance has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 59% of annual income. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →262 latest-year approvals in East Gippsland, +0.0% YoY; population +1.0% YoY (0.7% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 59% of annual income. Snapshot rent $460/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Lakes Entrance has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
Hospitals
Lakes Entrance currently reads as a income-first candidate with a affordability-first secondary angle.
Gross yield screens at about 4.7%. Entry price sits in the lower-cost range for a first-pass screen. No major decision caution is visible from the current evidence layer.
Compare it against one challenger, then use the AU calculator to model the financial case.
Gross yield screens at about 4.7%. Entry price sits in the lower-cost range for a first-pass screen. School coverage gives the page a stronger family/livability signal.
No major caution is visible beyond the normal source checks.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Lakes Entrance VIC
Lakes Entrance is a mid-sized suburb in Victoria within the East Gippsland local government area (postcode 3909). With a population of 5,145, the suburb has an older demographic with a median age of 55. Households earn a median income of $45K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, professionals. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Scottish.
The median house price in Lakes Entrance is $513,000, having declined 5.1% over the past year. Units have a median price of $693,000 (+65.1% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,227.
Lakes Entrance is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 3 rail stations, 49 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Lakes Entrance offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($513K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved -5.1% year-on-year. Population growth of +1.0% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Lakes Entrance is a mid-sized suburb in Victoria within the East Gippsland local government area (postcode 3909). With a population of 5,145, the suburb has an older demographic with a median age of 55. Households earn a median income of $45K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, professionals. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Scottish.
The median house price in Lakes Entrance is $513,000, having declined 5.1% over the past year. Units have a median price of $693,000 (+65.1% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,227.
Lakes Entrance is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 3 rail stations, 49 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Lakes Entrance offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($513K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 11.4x is considered stretched. House prices have moved -5.1% year-on-year. Population growth of +1.0% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Lakes Entrance FAQ
Common questions-
What LGA is Lakes Entrance in?
Lakes Entrance is in the East Gippsland Local Government Area, VIC, postcode 3909. Council-level context for East Gippsland LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Lakes Entrance?
The current median house price in Lakes Entrance, VIC is $513K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Lakes Entrance?
The median weekly rent in Lakes Entrance is $460/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about Lakes Entrance?
Income-stretched rent market: Weekly rent screens at about 59% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Lakes Entrance a good investment?
QuickProperty's investment signals for Lakes Entrance show: Moderate Yield, Below Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Lakes Entrance?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Lakes Entrance data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.