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Sales Activity
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Population
Lakes Entrance lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Lakes Entrance's population is approximately 11,525 as of August 2025. This figure represents an increase of 361 individuals, a 3.2% rise from the 2021 Census count of 11,164 people. The growth is inferred from the ABS's estimated resident population of 11,310 in June 2024 and the addition of 212 validated new addresses since the Census date. This results in a population density of 53 persons per square kilometer. Over the past decade, Lakes Entrance has exhibited steady growth with a compound annual growth rate of 1.3%, outperforming its SA3 area. Interstate migration contributed significantly to this growth, accounting for approximately 77.9% of overall population gains in recent periods.
AreaSearch uses ABS/Geoscience Australia projections released in 2024, with a base year of 2022, for each SA2 area. For areas not covered by these data, AreaSearch employs the VIC State Government's Regional/LGA projections from 2023, adjusted using a weighted aggregation method from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on projected demographic shifts, Lakes Entrance is expected to experience significant population growth, with an increase of 3,944 persons predicted by 2041, reflecting a total rise of 32.3% over the 17-year period.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Lakes Entrance among the top 25% of areas assessed nationwide
Lakes Entrance has seen approximately 83 new homes approved annually over the past five financial years, totalling 415 homes. As of FY-26, 9 approvals have been recorded. On average, 1.6 new residents per year arrive per new home in the area between FY-21 and FY-25, indicating balanced supply conditions. However, this has decreased to 0.8 people per dwelling over the past two financial years. Development projects average $463,000 in construction value.
In the current financial year, $6.8 million in commercial development approvals have been recorded, reflecting Lakes Entrance's primarily residential nature. Compared to Rest of Vic., Lakes Entrance shows 11.0% lower construction activity per person, while it ranks among the 78th percentile nationally when assessed against other areas. All new construction consists of detached dwellings, preserving the area's low density character and attracting space-seeking buyers with around 152 people per approval.
Population forecasts indicate Lakes Entrance will gain 3,720 residents by 2041. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.
Frequently Asked Questions - Development
Infrastructure
Lakes Entrance has limited levels of nearby infrastructure activity, ranking in the 16thth percentile nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified seven projects likely influencing the region. Key projects include North Arm Water Main Replacement, Jemmys Point Lookout Stage 2, Kalimna Loop Walk, Lakes Entrance Foreshore Park Development, Krauatungalung Walk Stage 1, and Lakes Entrance Northern Growth Area. The following list details those most relevant.
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Frequently Asked Questions - Infrastructure
Marinus Link
A proposed 750MW Stage 1 undersea and underground electricity and data interconnector between North West Tasmania (Heybridge) and the Latrobe Valley in Victoria (Hazelwood). The project includes 255km of subsea HVDC cables across Bass Strait and 90km of underground cables in Victoria, with converter stations at each end. Stage 2 will add another 750MW capacity. The interconnector will enable bidirectional electricity flow, delivering low-cost, reliable and clean energy to the National Electricity Market while supporting Tasmania's hydropower storage capabilities.
Lakes Entrance Northern Growth Area
Long-term residential growth area facilitating 1,545 dwellings across 244.64 hectares with diverse housing densities including conventional, low, and medium density housing. The development includes a 3.5-hectare neighborhood activity center, extensive shared pathways, integrated wetlands for water-sensitive urban design, passive and active open spaces, community facilities including multipurpose community center and emergency services, and comprehensive drainage infrastructure to ensure sustainability and liveability for the Lakes Entrance community over the next 30-40 years.
Orsted Offshore Australia 1 (Gippsland 1)
Orsted is developing a 2.82 GW far-shore offshore wind farm within the Gippsland declared offshore wind area in Victoria. The project (also referred to as Gippsland 1) sits roughly 56-100 km off the coast. The Australian Government granted feasibility licence FL-004 in April 2024, the feasibility-stage management plan was approved by the Offshore Infrastructure Regulator in March 2025, and geotechnical and geophysical surveys were completed across the two licence areas in May 2025. These activities inform site design, turbine layout and environmental assessments ahead of approvals and offtake steps, with first project completion targeted for the early 2030s.
Lakes Entrance Training Walls Upgrade
Remediation works on the 130-year-old heritage-listed training walls including stabilization of the core with rock-filled geotextile bags and replenishment of armour rock along channel sides of both eastern and western walls. The project aims to improve vessel access, reduce hazards from unstable rock surfaces, extend structure longevity, and support local fishing, boating, and tourism industries. Works commenced August 2025 with completion expected December 2025.
Gippsland Line Upgrade
The Gippsland Line Upgrade has delivered more frequent and reliable train services to the growing communities of Gippsland, allowing for extra daily services between Traralgon and Melbourne. Key features include upgrades to four stations (Morwell, Bunyip, Longwarry, and Traralgon), a new bridge over the Avon River at Stratford enabling trains to travel at up to 90km/h, and the creation of over 500 jobs.
Lakes Entrance Slipway Redevelopment
Transformation of a 5,400 square metre former slipway site operating from 1948-2005 into a vibrant public waterfront precinct featuring tiered timber decking, two restored historic winch sheds converted into art galleries, food and beverage outlets, outdoor markets, community event spaces, public amenities, and accessible ramps. Managed by the Slipway Collective, this multi-use destination celebrates local maritime heritage while fostering arts, culture, and hospitality to enhance tourism and community wellbeing.
Regional Housing Fund Gippsland
Part of Victorian Government's $1 billion Regional Housing Fund delivering over 1,300 new homes across regional Victoria including Gippsland. Mix of social and affordable housing developed through collaboration with councils and communities.
Lakes Entrance Foreshore Park Development, Krauatungalung Walk Stage 1
Major foreshore revitalization featuring Krauatungalung Walk Stage 1 with an all-abilities boardwalk, Indigenous garden celebrating the five Gunaikurnai clans, sculptural seating featuring Borun the pelican and Tuk the musk duck, Lakes Foreshore Park with inclusive playground incorporating water-play and nature-play elements, accessible pathways, landscaping, and the Lakes Entrance Water Sports Pavilion. The project honors Gunaikurnai cultural heritage while providing enhanced recreation and accessibility for the community.
Employment
The labour market performance in Lakes Entrance lags significantly behind most other regions nationally
Lakes Entrance has a balanced workforce with representation across white and blue collar jobs. Essential services sectors are well-represented, and the unemployment rate is 6.1%.
As of June 2025, 4,279 residents are employed, with an unemployment rate of 2.3% higher than Rest of Vic.'s rate of 3.8%. Workforce participation lags at 42.9%, compared to Rest of Vic.'s 57.4%. Dominant employment sectors include health care & social assistance, accommodation & food, and construction. The area specializes in accommodation & food with an employment share twice the regional level, while agriculture, forestry & fishing has limited presence at 4.6% compared to 7.5% regionally.
Between Jun-24 and Jul-25, labour force decreased by 0.7% and employment fell by 1.5%, increasing unemployment by 0.8 percentage points. In comparison, Rest of Vic.'s employment fell by 0.9%, labour force contracted by 0.4%, and unemployment rose by 0.4 percentage points. State-level data to Sep-25 shows VIC employment grew by 1.08% year-on-year, with a state unemployment rate of 4.7%. Jobs and Skills Australia forecasts national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Lakes Entrance's employment mix suggests local growth of approximately 6.4%% over five years and 13.3% over ten years.
Frequently Asked Questions - Employment
Income
Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis
AreaSearch's latest postcode level ATO data for financial year ended June 2022 indicates median income in Lakes Entrance was $38,839 and average income was $50,084. This compares to Rest of Vic.'s figures of median income at $48,741 and average income at $60,693. Based on Wage Price Index growth of 10.11% from financial year ended June 2022 to March 2025, estimated current incomes are approximately $42,766 (median) and $55,147 (average). Census data shows household, family and personal incomes in Lakes Entrance fall between the 4th and 8th percentiles nationally. Income analysis reveals 30.2% of Lakes Entrance population (3,480 individuals) earn within the $400 - $799 range, differing from regional patterns where $1,500 - $2,999 dominates at 30.3%. Housing costs are modest with 86.7% of income retained, but total disposable income ranks at just the 7th percentile nationally.
Frequently Asked Questions - Income
Housing
Lakes Entrance is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
The dwelling structure in Lakes Entrance, as per the latest Census, was 88.8% houses and 11.2% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Non-Metro Vic.'s 90.9% houses and 9.2% other dwellings. Home ownership in Lakes Entrance was at 52.8%, with mortgaged dwellings at 25.7% and rented ones at 21.6%. The median monthly mortgage repayment was $1,300, aligning with Non-Metro Vic.'s average. The median weekly rent was $270, compared to Non-Metro Vic.'s $268. Nationally, Lakes Entrance's mortgage repayments were significantly lower than the Australian average of $1,863, and rents were substantially below the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Lakes Entrance features high concentrations of lone person households, with a fairly typical median household size
Family households constitute 65.7% of all households, including 18.4% couples with children, 37.5% couples without children, and 9.4% single parent families. Non-family households account for the remaining 34.3%, with lone person households at 32.2% and group households comprising 2.1%. The median household size is 2.2 people, which aligns with the average in the Rest of Vic.
Frequently Asked Questions - Households
Local Schools & Education
Educational outcomes in Lakes Entrance fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment
The area's university qualification rate is 17.1%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 11.6%, followed by postgraduate qualifications (2.8%) and graduate diplomas (2.7%). Vocational credentials are prevalent, with 42.3% of residents aged 15+ holding them, including advanced diplomas (11.7%) and certificates (30.6%). A total of 24.7% of the population is actively pursuing formal education, consisting of 10.0% in primary, 7.4% in secondary, and 1.8% in tertiary education.
Lakes Entrance has a network of 7 schools educating approximately 956 students, with typical Australian school conditions (ICSEA: 975) and balanced educational opportunities. The area has 6 primary and 1 secondary school serving distinct age groups, but school places per 100 residents (8.3) are below the regional average (12.2), indicating some students may attend schools in nearby areas.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
The analysis of public transport in Lakes Entrance shows that there are currently 69 active transport stops operating. These stops serve a mix of bus routes, with a total of 12 individual routes providing service to the area. Collectively, these routes facilitate 257 weekly passenger trips.
The accessibility of transport is rated as limited, with residents typically located approximately 1873 meters from their nearest transport stop. On average, service frequency across all routes stands at 36 trips per day, which translates to roughly 3 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Lakes Entrance is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts
Lakes Entrance faces significant health challenges, with various conditions affecting both younger and older residents. Approximately 46% (~5,324 people) have private health cover, lower than the national average of 55.3%.
The most prevalent conditions are arthritis (12.6%) and mental health issues (8.8%), while 58.2% report no medical ailments, compared to 60.1% in Rest of Vic.. Residents aged 65 and over comprise 34.3% (3,957 people), higher than the 30.5% in Rest of Vic.. Health outcomes among seniors are above average, outperforming general population metrics.
Frequently Asked Questions - Health
Cultural Diversity
Lakes Entrance is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics
Lakes Entrance showed cultural diversity levels below average, with 87.4% citizens, 85.1% born in Australia, and 95.5% speaking English only at home. Christianity was the dominant religion, comprising 46.4%. Judaism's representation was higher than the regional average, at 0.2% compared to 0.1%.
Top ancestry groups were English (32.9%), Australian (30.0%), and Scottish (9.0%). Dutch (2.0%) Maltese (0.6%), and French (0.5%) ethnicities showed notable overrepresentation compared to regional averages of 1.9%, 0.4%, and 0.4% respectively.
Frequently Asked Questions - Diversity
Age
Lakes Entrance ranks among the oldest 10% of areas nationwide
The median age in Lakes Entrance is 54 years, which is significantly higher than the Rest of Vic.'s average of 43 and older than the national norm of 38. The 65-74 cohort is notably over-represented locally at 19.0%, compared to the Rest of Vic.'s average, while the 25-34 age group is under-represented at 7.7%. This concentration of the 65-74 cohort is well above the national average of 9.4%. Between the 2021 Census and present, the 75 to 84 age group has grown from 10.9% to 12.2%, while the 35 to 44 cohort increased from 9.1% to 10.1%. Conversely, the 65 to 74 cohort has declined from 21.0% to 19.0%. By the year 2041, Lakes Entrance is projected to see significant shifts in its age composition, with the 25-34 age group expected to expand considerably by 640 people (72%), increasing from 892 to 1,533.