487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|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%|