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 |
|---|---|---|---|---|---|---|---|
| 8 Sovereign Cl, Patterson Lakes | 5 |  | House | Private Sale | 14/12/2025 | Flynn Estate Agents |
Sales data
Median sale price
$1.4mil
Quarterly price change
19.3%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $940,000 |
| 3 | $934,000 | $851,000 |
| 4 | $1,460,000 | $970,000 |
| Insight | Patterson Lakes | Metro comparison |
|---|---|---|
| Clearance rate | 81.8% | 77.8% |
| Days on market | 48 | 36 |
Rental data
Median weekly rent
$725
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $585 |
| 3 | - | $550 |
| 4 | $980 | $600 |
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