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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 $1,340,000 and this has changed -1.84% over the past year and changed 4.28% over 2 years.

The median rent in Patterson Lakes for houses is $720 per week and the median rental yield is 2.79%. Stock on the market for houses/townhouses has changed -2.08% compared to last year and the average time to sell a house/townhouse is 90 days.The median listing price for units is $580,000 and this has changed 1.31% over the past year. The average unit takes 61 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

0.67%

Current vacancy rate


23

Rental stock available


7,561

Population


13.91%

Rental population


0.70%

Current vacancy rate


497

Rental stock available


151,389

Population


22.80%

Rental population


0.94%

Current vacancy rate


29,256

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 $1,340,000 $800,000 $580,000
Median price change - last quarter -1.48% -4.20% 1.75%
Median price change - 1 year -1.84% 0.31% 1.31%
Median price change - 2 years 4.28% 4.57% 0.86%
  House Townhouses Units
Median weekly rent $720 $580 $550
Median yield % 2.79% 3.77% 4.93%
Median rent change - 1 year 2.85% 1.75% 6.79%
  House Units
Previous month sales 8 1
Stock on market previous month 47 15
Stock variance vs. last year -2.08% 25.00%
Average days on market 90 61

Patterson Lakes investment property listings

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

9 The Blvd, PATTERSON LAKES

$880,000

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3

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Townhouse

VIC 3197


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