Investment property in Patterson Lakes has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.25%
If we look at median property appreciation over just the last three months, Patterson Lakes has given property investors a paper return of -3.58%. This puts Suburb as 613 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -8.57% to buyers in Patterson Lakes at the moment, which is less than average for the rest of VIC.
Property investors should expect to get $575 weekly from the median priced house in this suburb.
Property value increases in Patterson Lakes have tracked close to the VIC average of 0.68% over the last 12 months.
Over the longer term, Patterson Lakes has seen property prices show investors a 23.16% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -8.47% to buyers in Patterson Lakes at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $22880 per annum or $440 every week.