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Cape Paterson
AREA REPORTS

Cape Paterson

Cape Paterson - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3995

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Homeowners and real estate investors betting on CAPE PATERSON, 3995 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 29.35%.

A steady increase in median property prices over a five-year period in the suburb translates to a 73.68% capital gain.

Property investors in CAPE PATERSON enjoyed capital gains of 29.35% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $803,250.

Profits due to an upward trend in home prices there averaged 24.56% per annum over a 3-year period.

Home owners selling their properties and realtors in CAPE PATERSON usually have to wait an average of 30.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $330 mark, reflecting a 2.14% increase in returns based on the current median price in CAPE PATERSON.

CAPE PATERSON, 3995 places 19th in Australia based on median property value growth during the quarter.

Data report can be found below

Cape Paterson
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $803,250 N/A
GROWTH REPORT
Median Quarterly 14.01% N/A
Median 12 month 29.35% N/A
Median 3 years 73.68% N/A
Median 5 years 112.78% N/A
10 years average annual 7.47% N/A
Weekly media advert. rent $330 N/A
Time on Market 30.0 days N/A
Gross Rental Yield Percent 2.14% N/A
demographics (median values)*
Total Population
10173
Weekly Household Income
840
Household Size
2.20
Age
48
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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