Patterson Lakes

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 5.79% growth over a ten-year period. It ranks 2850th on our list of suburbs that property investors should look into.

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

PATTERSON LAKES, 3197 has a capital gain of 2.3% for the past year, which is lower than average compared to its 30.88% growth within a five-year period.

With the median home price in PATTERSON LAKES sitting at $1,335,000, and the average rent at $720, property owners could potentially earn a 2.8% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in PATTERSON LAKES, 3197 translates to a 3.8% capital gain.

Property investors enjoyed capital gains of 9.55% over the last 12 months in PATTERSON LAKES, translating to lower returns compared with its peers in VIC.

PATTERSON LAKES, 3197 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $711,000.

Profits due to an upward trend in home prices in PATTERSON LAKES, 3197 averaged 1.27% per annum over a 3-year period.

Home owners selling their properties and realtors in PATTERSON LAKES usually have to wait an average of 55.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.53% increase in returns based on the current median price in PATTERSON LAKES.

PATTERSON LAKES, 3197 places 269th in Australia based on median property value growth during the quarter.

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