Patterson Lakes, 3197 ranked 459th in VIC when comparing growth in median property values or capital gain over the last 12 months. Patterson Lakes is one of 2098 in our list for VIC
If we look at median property appreciation over just the last three months, Patterson Lakes has given property investors a paper return of 0.00%. This puts Suburb as 562 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Patterson Lakes, 3197. Typically our figures indicate that -4.34% is being offered, which puts this VIC suburb at 2673th most discounted overall in Australia.
Often selling an investment property can take time, and in Patterson Lakes the average time real estate has been on the market is 59.74 days.
With the median price for a house in Patterson Lakes being $885000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.06%
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 8.59%.
When looking at the potential capital gains offered to property investors over the last 3 years, Patterson Lakes comes in at number 157th in VIC.
Property buyers and investors in Patterson Lakes 3197 should be seeing an average reduction in asking price of around -4.50% . This means that Patterson Lakes is holding prices well when compared to other suburbs in VIC.