Market snapshot
Suburb insights for Patterson Lakes3197
Change suburbPatterson Lakes, approximately 35 km southeast of Melbourne's CBD, is built around a network of canals and waterways, offering a unique waterside lifestyle 36 km southeast of Melbourne. With marinas, walking trails, shopping centres, and proximity to the beach, it’s a popular suburb for boat owners, retirees, and families seeking a resort-like feel.
Recent sales and auction results in Patterson Lakes
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 54/5 Thompson Rd, Patterson Lakes | 2 |  | Townhouse | Sold Before Auction | 1/10/2026 | Ray White Oakleigh | |
| 4 Riverside West , Patterson Lakes | 4 |  | House | Private Sale | 28/09/2026 | Buxton | View |
Sales data
Median sale price
$1.2mil
Quarterly price change
-9.2%
Metro Melbourne Comparison
$943k
-0.7%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $930,500 |
| 3 | $1,206,500 | $870,000 |
| 4 | $1,360,888 | $990,000 |
| Insight | Patterson Lakes | Metro comparison |
|---|---|---|
| Clearance rate | 69.4% | |
| Days on market | 36 | 45 |
Rental data
Median weekly rent
$930
Rental yield
3.6%
Metro Melbourne Comparison
$590
3.2%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $615 |
| 3 | - | $570 |
| 4 | - | $600 |
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