Lakes Entrance
Suburb profile, market snapshot and recent listings for Lakes Entrance, VIC 3909.
About Lakes Entrance
Welcome to Lakes Entrance
Lakes Entrance sits on Victoria's Gippsland coast, roughly 320 kilometres east of Melbourne, where the Gippsland Lakes meet the Southern Ocean through a channel of sand and surf. It's one of the state's best-known holiday towns, built around a fishing fleet, a long ocean beach and a boardwalk esplanade lined with motels, cafes and tour boats.
While tourism defines much of the town's rhythm, Lakes Entrance is also home to a settled permanent population who value the slower coastal pace, the fishing and boating culture, and the sense of space that comes with living beside water on three sides. It suits retirees, sea-changers and anyone happy to trade city commute times for lake views and a genuine coastal community, bordered by Kalimna, Kalimna West, Lake Bunga and the Entrance itself.
Lifestyle & dining
The Esplanade is the social spine of the town, a walkable strip where fish-and-chip shops, seafood restaurants and cafes look out over the lake and the fishing fleet moored at the wharves. Given the town's reputation as a fishing port, fresh local catch turns up on plenty of menus, and there's a relaxed, holiday-town feel to eating out here even outside peak season.
Beyond the main strip, life revolves around the water: boating, fishing and beach walks along the ocean side of the channel are part of everyday routine for locals, not just visitors. The surrounding bush and lake country, including nearby Lake Bunga, add a quieter, more natural counterpoint to the tourist bustle of the town centre.
Getting around
Lakes Entrance is well served by the Princes Highway, which runs through the town and connects it eastward to Orbost and Cann River, and west toward Bairnsdale, Sale and on to Melbourne. Given the distance to the capital, most residents rely on cars for regional trips, though coach services along the highway corridor link the town to larger centres for those without a vehicle.
Within the town itself, distances are modest and many day-to-day errands, from the Esplanade shops to the primary school, are an easy walk or short drive, which suits the town's older-skewing population well.
Schools & families
Families in Lakes Entrance are served locally by Lakes Entrance Primary School and Lakes Entrance Secondary College, giving the town a full run of government schooling without the need to travel to Bairnsdale or beyond. For a town with a median age of 55, these schools remain an important anchor for the smaller cohort of younger families and locals who've chosen to raise kids by the lakes rather than in the city.
Parks & recreation
The natural setting is really the main event: the Ninety Mile Beach and ocean surf are a short walk from the town centre via the boardwalk, while the Gippsland Lakes themselves offer fishing, boating and kayaking on the doorstep. Bush and foreshore reserves around Kalimna and Kalimna West add walking tracks and lookout points over the lakes system, and the region's national parks are within easy reach for day trips.
The property market
Lakes Entrance offers relatively affordable coastal buying by Victorian standards, with a median house price of $533,000 and units typically trading around $380,000. House values have risen 5.0% recently, a solid result for a regional lakes town, and median rent sits at $478 a week, reflecting steady demand from both permanent residents and the holiday rental market.
Current listings show houses dominate the market at 57%, with land making up a notable 32% share, a sign of ongoing new-build interest in and around the town. Apartments and units account for 9% of listings and townhouses just 2%, meaning house-and-land remains the default way most buyers enter the Lakes Entrance market.
Housing & architecture
Housing stock ranges from older fibro and weatherboard cottages from the town's fishing-village era through to newer builds on the outskirts toward Kalimna and Lake Bunga, where blocks tend to be larger and views more prized. The strong share of vacant land in current listings points to an active building scene, with many buyers choosing to design homes around lake or ocean outlooks rather than buy established stock.
Market snapshot
Lakes Entrance property market
Median sale price
$533k
House · 3 bed
Median rent
$478
per week
Gross rental yield
4.7%
annual rent ÷ sale price
Typical price range
Entry
$372k
Median
$533k
Premium
$742k
Days on market
125
Auction clearance
0%
Sold this year
70
Median sold price trend · House 3 bed
Compound growth +2.4% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Lakes Entrance by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Lakes Entrance, VIC 3909.
Population
5,145
residents (2021)
Median age
55
years
Household income
$866
median, per week
Median rent
$252
per week
Median mortgage
$1,227
per month
Mortgage / income
33%
stretched (>30%)
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Lakes Entrance
Government school catchment
Recent results
Recently sold in Lakes Entrance
$599k
69 O'Neills Road
Sold ~July 2026
$548k
4/16 Roadknight Street
Sold ~July 2026
$470k
15 Phillips Street
Sold ~July 2026
$350k
14 McRae Street
Sold ~July 2026
$195k
Lot 44 Apollo Drive
Sold ~July 2026
$750k
30 Mechanics Street
Sold ~July 2026
$750k
11 Penang Boardwalk
Sold ~July 2026
$765k
4 Orme Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Lakes Entrance
Compare the area
Price map around Lakes Entrance
Every listing for sale near Lakes Entrance, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Lakes Entrance suburb FAQ
What is the median property price in Lakes Entrance?
The median house price in Lakes Entrance, VIC is $533k for a 3-bedroom home. Over the past year, median sold prices have risen about 5.0%.
How much is rent in Lakes Entrance?
The median weekly rent in Lakes Entrance is around $478 per week.
Is Lakes Entrance a good place to live?
Lakes Entrance is a town in the Shire of East Gippsland, Victoria, Australia. Lakes Entrance is an established residential suburb in VIC, with a population of around 5,145 and 2 schools in the area.
What is the population of Lakes Entrance?
Lakes Entrance has a population of 5,145 (ABS 2021 Census), with a median age of 55.
What schools are in Lakes Entrance?
There are 2 schools in or near Lakes Entrance, including Lakes Entrance Primary School and Lakes Entrance Secondary College.
How long do homes take to sell in Lakes Entrance?
Properties in Lakes Entrance take around 125 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Lakes Entrance?
Entry-level properties in Lakes Entrance start around $372k, while premium homes reach $742k.
What suburbs are near Lakes Entrance?
Suburbs near Lakes Entrance include Entrance, Kalimna, Lake Bunga and Kalimna West.
Fresh to market
New this week in Lakes Entrance
New Street, New Chapter
Versatile Dual-Living Home Moments from the Beach and Lakes
So, Here's The Deal
CAPTIVATING NORTH ARM VIEWS!
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