VIC/
Patterson lakes

Suburb Profile

Patterson Lakes - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3197

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Based on its average 5-year and quarterly capital gains PATTERSON LAKES, 3197 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that PATTERSON LAKES, 3197 obtained a 6.02% growth over a ten-year period. It ranks 1237th on our list of suburbs that property investors should look into.

PATTERSON LAKES, 3197 in VIC belongs to the local government area of Kingston.

PATTERSON LAKES, 3197 has a capital gain of 4.33% for the past year, which is lower than average compared to its 45.04% growth within a five-year period.

With the median home price in PATTERSON LAKES sitting at $892,000, and the average rent at $530, property owners could potentially earn a 3.09% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in PATTERSON LAKES are low, as opposed to average gains per annum over the past five years.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $892,000 $522,000
GROWTH REPORT
Median Quarterly -0.03% 1.11%
Median 12 month 4.33% 13.48%
Median 3 years 23.25% 24.29%
Median 5 years 45.04% 40.13%
10 years average annual 6.02% 4.84%
Weekly media advert. rent $530 $400
Time on Market 40.2 days 47.0 days
Gross Rental Yield Percent 3.09% 3.98%
demographics (median values)
Total Population
7237
Weekly Household Income
1172
Household Size
2.50
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Patterson Lakes, VIC
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