Patterson Lakes is an average performer in VIC when comparing median price capital growth over the last year. Patterson Lakes gave property investors a average capital gain figure when compared to the rest of the state, with 9.79%.
A 26.79% growth in median value for property investors in Patterson Lakes,3197 puts this suburb at number 353th in terms of best performing suburbs in VIC
Vendor discounting in Patterson Lakes is giving property investors an average Vendor Discount of around -2.74%. This puts suburb at number 573th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 8.33 sales per month, which equates to 100 per year.
Property investors should expect to get $535 weekly from the median priced house in this suburb.
Patterson Lakes is in the TOP 30% in VIC when comparing median price capital growth over the last year. Patterson Lakes gave property investors a good capital gain figure when compared to the rest of the state, with 9.38%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Patterson Lakes has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.79% to buyers in Patterson Lakes at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 5.16%, investors should hope to achieve an overall return of 4.29%