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 |
|---|---|---|---|---|---|---|---|
| 10/117 Mcleod Rd, Patterson Lakes | 2 |  | Townhouse | Private Sale | 27/10/2025 | OBrien Real Estate |
Sales data
Median sale price
$1.2mil
Quarterly price change
-12.3%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $910,000 |
| 3 | $928,000 | $830,000 |
| 4 | $1,380,000 | $951,500 |
| Insight | Patterson Lakes | Metro comparison |
|---|---|---|
| Clearance rate | 81.4% | |
| Days on market | 44 | 36 |
Rental data
Median weekly rent
$730
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | - | $550 |
| 4 | $1,000 | $600 |
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