Cape Paterson is a small community in Victoria within the Bass Coast local government area (postcode 3995). With a population of 1,111, the suburb has an older demographic with a median age of 55. Households earn a median income of $67K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Cape Paterson is $845,000, having increased 5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,517.
Public transport access includes 13 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Cape Paterson offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($845K/$875K). The price-to-income ratio of 12.6x is considered stretched. House prices have moved +5.0% year-on-year.
Cape Paterson is a small community in Victoria within the Bass Coast local government area (postcode 3995). With a population of 1,111, the suburb has an older demographic with a median age of 55. Households earn a median income of $67K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Cape Paterson is $845,000, having increased 5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,517.
Public transport access includes 13 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Cape Paterson offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($845K/$875K). The price-to-income ratio of 12.6x is considered stretched. House prices have moved +5.0% year-on-year.