Patterson Lakes has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.72% to date .
If we look at median property appreciation over just the last three months, Patterson Lakes has given property investors a paper return of 1.25%. This puts Suburb as 341 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Patterson Lakes is giving property investors an average Vendor Discount of around -4.86%. This puts suburb at number 410th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $6360 per annum or $530 every week.
Property investors who have had real estate in Patterson Lakes, 3197 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.44%
Comparing Patterson Lakes,3197 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Patterson Lakes, 3197 is offering VIC ‘s 204th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
With the median price for a house in Patterson Lakes being $470000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 4.37%