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
2 Sandridge Ct, Patterson lakes 4 House (Res) Auction Sale 19/06/2021 Buxton

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$1.06mil

Metro Melbourne

$1mil

Annual Price Change

9.7%

Metro Melbourne

8.8%

Median Rent

$635

Metro Melbourne

$480

Rental Yield

3.4%

Metro Melbourne

2.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 83.8%
Days on Market 27 36
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $930,000
3 Bedrooms n/a $810,000
4 Bedrooms $1,065,000 $990,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms $595 $450
4 Bedrooms $643 $500

Median data for March Quarter 2021. Click here for details.

Median Sale Price

$595k

Metro Melbourne

$645k

Annual Price Change

-0.2%

Metro Melbourne

3.4%

Median Rent

$420

Metro Melbourne

$400

Rental Yield

3.7%

Metro Melbourne

3.2%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 83.8%
Days on Market 27 36
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $390,000
2 Bedrooms $513,500 $600,000
3 Bedrooms n/a $810,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $340
2 Bedrooms $420 $420
3 Bedrooms $505 $525

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