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.

Recent Sales & Auction Results in Patterson Lakes

Address Price Type Method Sale Date Agent
Property List
5/740-748 Wells Rd, Patterson lakes 3 Townhouse (Res) Auction Sale 08/12/2018 Buxton

Median data for September 2018 Quarter. Click here for details.

Median Sale Price

$845k

Metro Melbourne

$834k

Quarterly Price Change

-3.4%

Metro Melbourne

0.0%

Median Rent

$520

Metro Melbourne

$450

Rental Yield

3.1%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 46.1%
Days on Market 29 38
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $895,000
3 Bedrooms $779,000 $744,750
4 Bedrooms $890,000 $880,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $480
3 Bedrooms $510 $420
4 Bedrooms $595 $475

Median data for September 2018 Quarter. Click here for details.

Median Sale Price

$580k

Metro Melbourne

$600k

Annual Price Change

3.6%

Metro Melbourne

2.6%

Median Rent

$415

Metro Melbourne

$420

Rental Yield

3.7%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 46.1%
Days on Market 29 38
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $375,000
2 Bedrooms n/a $575,000
3 Bedrooms $618,500 $771,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $365
2 Bedrooms $415 $431
3 Bedrooms n/a $520

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