Lucknow is a small community in Victoria within the East Gippsland local government area (postcode 3875). With a population of 1,439, the suburb has an established demographic with a median age of 43. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Lucknow is $563,000, having surged 40.6% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,300.
Public transport access includes 4 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, Lucknow offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($563K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +40.6% year-on-year.
Lucknow is a small community in Victoria within the East Gippsland local government area (postcode 3875). With a population of 1,439, the suburb has an established demographic with a median age of 43. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Lucknow is $563,000, having surged 40.6% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,300.
Public transport access includes 4 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, Lucknow offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($563K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +40.6% year-on-year.