How Much is My Home Worth in Patterson Lakes?
As of February 5, 2020, the median price for a house in Patterson Lakes was $925,000. A median-priced unit was valued at $547,000. So far in the last year, there has been 110 houses and 52 units sold. It takes approximately 74 days to sell a house and 118 days to sell an apartment. The annual capital growth for homes is 6.53% and units is 4.58%. The 12-month capital growth is -8.56% on houses and 0.86% for units.
The Demand to Supply Ratio or DSR ranking says that an investment in houses is rated as above average. And the rating for units is balanced. For vendors selling their house in Patterson Lakes, you can expect to get your asking price more often than not. The real estate capital growth is expected to stay ahead of the national average.
House prices and rent returns in Patterson Lakes.
- 3 bedroom home $765,750 Rent per week $420
- 4 bedroom home $990,000 Rent per week $550
Unit prices and rent returns in Patterson Lakes.
- 2 bedroom unit $501,000 Rent per week $390
- 3 bedroom unit $677,000 Rent per week $300
The gross rental yield for a house is 3.27% and 3.82% for units.
Free Real Estate Appraisal Patterson Lakes
Are you thinking of selling and want to know your property’s market value? Our sales agents are available to perform a free appraisal on any type of property including houses, land, units and apartments. Our appraisal will be based on location to amenities, waterways, shops and schools. We have sold multiple homes in this region and will give you an accurate assessment of the value of your property.
Free Rental Appraisal Patterson Lakes
Are you moving and need a rental manager? Or, have you recently purchased an investment property and require property management? We manage over 3600 properties in Melbourne. Our property managers will deliver a free rental appraisal on how much rent you can expect to receive each week. Our rental system is run from one major software programme that enables us to maximise your return on investment. We manage routine inspections, rent collection and maintenance issues. The landlord can expect to receive full taxation accounting documents.
Property Valuation Patterson Lakes
You would be surprised by the number of people that think a property valuation and appraisal are the same. Any real estate agent can perform an appraisal on your property. But, if you require a valuation for legal reasons then you must employ a registered valuer which comes with a fee.
Patterson Lakes Aerial View
Recently Sold Homes in Patterson Lakes and surrounds.
View our list of recently sold homes in Patterson.
Lifestyle in Patterson Lakes
Patterson Lakes is located 35 kilometres south-east of the Melbourne CBD. The Patterson Lakes train station runs along the southern boundary on the Werribee line. The population recorded at the last Census was 7564. This is a popular boating and fishing suburb that has a public launching facility. There are a number of sporting clubs that cater to basketball, cricket, football, tennis and water sports. Neigboutring suburbs include Carrum, Seaford and Bonbeach.
Schools in Patterson Lakes
There is 1 school in Patterson Lakes. The nearest secondary school is the Patterson River Secondary College located to the south in Seaford.
- Patterson Lakes Primary School – Co-educational