Goomalibee vs Lakes Entrance
Property investment comparison - Goomalibee, VIC 3673 vs Lakes Entrance, VIC 3909
Head-to-head across core investment metrics: Goomalibee wins 2, Lakes Entrance wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Goomalibee | Lakes Entrance |
|---|---|---|
| Median house price | $545K | $540K |
| Median unit price | $205K | $430K |
| Gross rental yield (houses) | - | 4.80% |
| Gross rental yield (units) | 4.75% | 4.50% |
| 1-year house growth | - | +4.4% |
| 3-year house growth | - | +0.8% |
| Vacancy rate | 2.9% | 1.4% |
| Population | 91 | 5,145 |
Goomalibee vs Lakes Entrance: what the numbers say
The median house price is $545K in Goomalibee and $540K in Lakes Entrance, so Lakes Entrance is the cheaper entry point, with Goomalibee houses about 1% dearer.
For units, Goomalibee sits at a median of $205K against $430K in Lakes Entrance, which makes Goomalibee the more affordable unit market and Lakes Entrance the pricier one.
Rental vacancy is 1.4% in Lakes Entrance and 2.9% in Goomalibee, so landlords in Lakes Entrance face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Lakes Entrance is the bigger suburb, with a population of 5,145 against 91, roughly 57 times the size of Goomalibee; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lakes Entrance for a lower purchase price, Lakes Entrance for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Lakes Entrance, VIC 3909
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