ur methodology for how we research and verify." cover_alt: “Patterson Lakes lifestyle” cover_credit: “wikimedia_commons” figures: [{“position”: “Rental Yield Summary”, “url”: “https://upload.wikimedia.org/wikipedia/commons/9/9a/Bay_Trail_at_mouth_of_the_Patterson_River.jpg”, “alt”: “Rental Yield Summary”, “credit”: “wikimedia_commons”, “score”: 70}, {“position”: “Gross vs Net: The Real Numbers”, “url”: “https://upload.wikimedia.org/wikipedia/commons/9/9a/Bay_Trail_at_mouth_of_the_Patterson_River.jpg”, “alt”: “Gross vs Net: The Real Numbers”, “credit”: “wikimedia_commons”, “score”: 70}] —## Rental Yield Summary
| Property Type | Median Price | Weekly Rent | Gross Yield | Net Yield (est) |
|---|---|---|---|---|
| Houses | $745,500 | $547/wk | 3.8% | 2.0% |
| Units | $349,234 | $321/wk | 4.8% | 3.3% |
Gross vs Net: The Real Numbers
Gross yield is what most headlines quote. Net yield is what you actually keep after costs.
Annual costs that eat your yield:
- Council rates: $2154/year
- Insurance (landlord): $1,200-1,800/year
- Property management (7-8%): $2,133/year
- Maintenance allowance (1%): $7,455/year
- Vacancy (2-4 weeks/year): $1,641/year
Net annual income (house): $13,714 Net yield: 2.0%
Vacancy Rate
Current vacancy: 2.0%
Tight market – tenants compete for properties. Expect minimal vacancy between tenants.
How Patterson Lakes Compares
| Suburb | House Yield | Unit Yield |
|---|---|---|
| Patterson Lakes | 3.8% | 4.8% |
| Melbourne average | 3.2% | 4.1% |
