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Patterson Lakes
AREA REPORTS

Patterson Lakes

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

house
unit

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 7.83% growth over a ten-year period. It ranks 994th on our list of suburbs that property investors should look into.

PATTERSON LAKES, 3197 in VIC belongs to the local government area of Kingston (C) (Vic.).

PATTERSON LAKES, 3197 has a capital gain of 21.95% for the past year, which is higher than average compared to its 50.6% growth within a five-year period.

With the median home price in PATTERSON LAKES sitting at $1,250,000, and the average rent at $690, property owners could potentially earn a 2.87% 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.

Data report can be found below

Patterson Lakes
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,250,000 $620,075
GROWTH REPORT
Median Quarterly 9.17% 1.65%
Median 12 month 21.95% 5.81%
Median 3 years 28.21% 1.07%
Median 5 years 50.6% 31.93%
10 years average annual 7.83% 4.5%
Weekly media advert. rent $690 $425
Time on Market 27.4 days 51.2 days
Gross Rental Yield Percent 2.87% 3.56%
demographics (median values)*
Total Population
11548
Weekly Household Income
1547
Household Size
2.40
Age
43
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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