Profile for Patterson Lakes

3197

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.

Looking for a member in this area?

Choose a Member

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$1.27m

Metro Melbourne

$909k

Quarterly Price Change

2.4%

Metro Melbourne

-2.2%

Median Rent

$675

Metro Melbourne

$550

Rental Yield

2.9%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 72.5%
Days on Market 42 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms $880,000 $815,000
4 Bedrooms $1,500,000 $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $540
3 Bedrooms $650 $500
4 Bedrooms n/a $560

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$670k

Metro Melbourne

$633k

Annual Price Change

14.9%

Metro Melbourne

-3.8%

Median Rent

$500

Metro Melbourne

$500

Rental Yield

3.6%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 72.5%
Days on Market 42 40
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms $581,000 $600,000
3 Bedrooms $778,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $420
2 Bedrooms $485 $520
3 Bedrooms n/a $600

Loading chart...

Find an Agent

Whether you are selling, buying, leasing or renting, choose an REIV member.

Find a Member

Member Exclusive Data

REIV Members log in to download the complete list of median prices by suburb and town.

Download Median Report

PropertyData

The credible and trusted source of data for real estate professionals.

Find out more