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.
Sales data
Median sale price
$1.3mil
Quarterly price change
-4.3%
Metro Melbourne Comparison
$992k
1.9%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | $955,000 | $863,000 |
| 4 | $1,510,000 | $980,500 |
| Insight | Patterson Lakes | Metro comparison |
|---|---|---|
| Clearance rate | 74.9% | |
| Days on market | 36 | 37 |
Rental data
Median weekly rent
$750
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Patterson Lakes | Metro comparison |
|---|---|---|
| 2 | - | $595 |
| 3 | $678 | $550 |
| 4 | - | $595 |
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