Patterson Lakes has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.04% to date .
A 48.33% growth in median value for property investors in Patterson Lakes,3197 puts this suburb at number 264th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Patterson Lakes should be aiming for at least -3.78% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Patterson Lakes the average time real estate has been on the market is 68.25 days.
Using the current median advertised rental of $507.5 and the average annual increase in value of a median property of 6.28%, investors should hope to achieve an overall return of 2.97%
Patterson Lakes has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.80% 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 3.80%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in VIC
At number 146th of VIC’s most discounted properties, Patterson Lakes is in the middle of the state/territory when listing in order of most discounted to least.