If you compare the increase in value of investment property in Patterson Lakes, 3197 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.31%.
When looking at the potential capital gains offered to property investors over the last 3 years, Patterson Lakes comes in at number 291th in VIC.
At number 409th of VIC’s most discounted properties, Patterson Lakes is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $6240 per annum or $520 every week.
Property investors who have had real estate in Patterson Lakes, 3197 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.26%
When looking at the potential capital gains offered to property investors over the last 3 years, Patterson Lakes comes in at number 251th in VIC.
Property investors looking for a bargain in Patterson Lakes should be aiming for at least -4.85% off the asking price, which is the average vendor discount being achieved at the moment.
A $387.5 per week rent on the median house gives suburb investors a gross yield of circa 4.48%, without taking into account capital value appreciation, which has been averaging out at 3.79%.