Cape Paterson

POSTAL CODE: VIC, 3995

HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -3.08% capital gain.

Property investors in CAPE PATERSON enjoyed capital gains of 2.72% 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 $755,000.

Profits due to an downward trend in home prices there averaged -1.03% per annum over a 3-year period.

Home owners selling their properties and realtors in CAPE PATERSON usually have to wait an average of 101.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $477.5 mark, reflecting a 3.29% increase in returns based on the current median price in CAPE PATERSON.

CAPE PATERSON, 3995 places 306th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$755,000	N/A
Growth Report
Median Quarterly	0.67%	N/A
Median 12 month	2.72%	N/A
Median 3 years	-3.08%	N/A
Median 5 years	12.27%	N/A
10 years average annual	8.74%	N/A
Weekly media advert. rent	$478	N/A
Time on Market	101.1 days	N/A
Gross Rental Yield Percent	3.29%	N/A

Demographics (Median Values)*

Total Population 10173

Weekly Household Income 840

Household Size 2.20

Average 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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