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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


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

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

70 Scarborough Dr, Patterson Lakes

$880,000

property pic

Water Style Living, Boat Mooring & Beach!

If you have been searching for the ideal beach lifestyle then look no further. This property offers so much value in todays market. Downstairs you will find two very spacious bedrooms to easily accommodate the family or friends. Both bedrooms come with built in robes with plenty of storage. ...

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House

VIC 3197


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