Profile for Patterson Lakes

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Patterson Lakes is located 32 km south-east of the CBD. Patterson Lakes has been one of the faster growing suburbs in Melbourne's south over the past fifteen years. The suburb is based on the Patterson River and features a significant canal network and a number of harbours surrounded by residential areas. Like a number of bayside areas Patterson Lakes has many aged care facilites such as The Patterson Village Retirement Centre and the Illawong Lakeside Retirement Units.

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Recent Sales & Auction Results in Patterson Lakes

Address Price Type Method Sale Date Agent
Property List
12 Trinity Ct, Patterson lakes 5 House (Res) Passed in Vendor Bid 06/08/2022 OBrien Real Estate

Median data for June Quarter 2022. Click here for details.

Median Sale Price

$1.44m

Metro Melbourne

$1.08m

Quarterly Price Change

13.4%

Metro Melbourne

-2.9%

Median Rent

$650

Metro Melbourne

$490

Rental Yield

2.7%

Metro Melbourne

2.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 70.7%
Days on Market 28.5 34
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $1,075,000
3 Bedrooms $925,000 $947,000
4 Bedrooms $1,320,000 $1,200,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $460
4 Bedrooms $785 $525

Median data for June Quarter 2022. Click here for details.

Median Sale Price

$633k

Metro Melbourne

$681k

Annual Price Change

0.4%

Metro Melbourne

3.2%

Median Rent

$440

Metro Melbourne

$420

Rental Yield

3.6%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 70.7%
Days on Market 28.5 34
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $390,000
2 Bedrooms $560,000 $630,000
3 Bedrooms n/a $880,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $340
2 Bedrooms $430 $425
3 Bedrooms n/a $540

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