Market snapshot

Suburb insights for Patterson Lakes3197

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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 and auction results in Patterson Lakes

AddressBedroomsPriceTypeMethodSale DateAgentListing
10 The Parkway , Patterson lakes3PriceHouse (Res)Passed in at Auction13/07/2024Mitchell Torre REView

Sales data

Median sale price
$1.5mil
Quarterly price change
9.3%
Metro Melbourne Comparison
$912k
-1.5%
BedroomsPatterson LakesMetro comparison
2-$902,500
3$907,500$810,000
4$1,670,000$955,000
InsightPatterson LakesMetro comparison
Clearance rate73.8%
Days on market4242

Rental data

Median weekly rent
$700
Rental yield
2.7%
Metro Melbourne Comparison
$560
3.2%
BedroomsPatterson LakesMetro comparison
2-$550
3$685$540
4-$580
Median data for the current quarter
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