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Investment Property Patterson Lakes, VIC, 3197

Suburb Snapshot

Patterson Lakes is a suburb in the Kingston Region of Victoria. Patterson Lakes has a population of 7,561 people and 13.91% of its occupants live in rental accommodation. The median listing price for houses is $1,310,000 and this has changed -6.10% over the past year and changed 1.94% over 2 years.

The median rent in Patterson Lakes for houses is $700 per week and the median rental yield is 2.77%. Stock on the market for houses/townhouses has changed -14.58% compared to last year and the average time to sell a house/townhouse is 95 days.The median listing price for units is $580,000 and this has changed 1.75% over the past year. The average unit takes 74 days to sell and the median rent for a unit in Patterson Lakes is $550 per week, producing a rental yield of 4.93%.

Supply & Demand in Patterson Lakes, Kingston

0.73%

Current vacancy rate


25

Rental stock available


7,561

Population


13.91%

Rental population


0.73%

Current vacancy rate


518

Rental stock available


151,389

Population


22.80%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Patterson Lakes, Kingston

  House Townhouses Units
Median listing price $1,310,000 $820,000 $580,000
Median price change - last quarter -1.48% -4.20% 1.75%
Median price change - 1 year -6.10% 17.14% 1.75%
Median price change - 2 years 1.94% 7.89% -1.28%
  House Townhouses Units
Median weekly rent $700 $580 $550
Median yield % 2.77% 3.67% 4.93%
Median rent change - 1 year 0.00% 8.41% 6.79%
  House Units
Previous month sales 6 3
Stock on market previous month 41 16
Stock variance vs. last year -14.58% 23.08%
Average days on market 95 74

Patterson Lakes investment property listings

Showing 1 of 1 investment properties found in Patterson Lakes on realestateinvestar.com.au

6 Marine Dr, Patterson Lakes

$1,200,000

property pic

Riverside living with designer polish

Wake up to water views and wander to cafés, shopping and the Cove Hotel in minutes. This contemporary four-bedroom residence flows to an entertainer's balcony overlooking Patterson River, pairing luxe finishes with a brilliantly practical floorplan and a secure double garage. Upstairs, sunlit ...

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4

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2

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2

Townhouse

VIC 3197


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