Giving property investors a an average capital gain of 4.18% for the last year, Patterson Lakes, 3197 is the 2116th highest performer in Australia in this respect.
Patterson Lakes,3197 has offered an average of 4.18% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Patterson Lakes is giving property investors an average Vendor Discount of around -5.24%. This puts suburb at number 349th in VIC when ranking the most discounted suburbs.
Residents and property investors in Patterson Lakes have been waiting around 77.26 days to sell a property.
A $535 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 5.76%.
If you compare the increase in value of investment property in Patterson Lakes, 3197 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.91%.
A 9.00% growth in median value for property investors in Patterson Lakes,3197 puts this suburb at number 313th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.12% offered to property buyers. Sellers in Patterson Lakes itself are offering an average vendor discount of -4.22% to real estate investors.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
Patterson Lakes, 3197’s gross rental yield is 4.56%