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Patterson Lakes

Suburb Profile

Patterson Lakes - FREE 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 5.7% growth over a ten-year period. It ranks 1149th 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 13.26% for the past year, which is higher than average compared to its 34.28% growth within a five-year period.

With the median home price in PATTERSON LAKES sitting at $1,020,500, and the average rent at $600, property owners could potentially earn a 3.06% 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

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,020,500 $588,750
GROWTH REPORT
Median Quarterly 1.04% 0.21%
Median 12 month 13.26% -0.63%
Median 3 years 14.02% 12.79%
Median 5 years 34.28% 24.24%
10 years average annual 5.7% 4.65%
Weekly media advert. rent $600 $410
Time on Market 76.6 days 122.1 days
Gross Rental Yield Percent 3.06% 3.62%
demographics (median values)
Total Population
7237
Weekly Household Income
1172
Household Size
2.50
demographics
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