Patterson Lakes VIC 3197

Here you can find what you need to know about Patterson Lakes, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$865k Median Sale Price (National Average $485k) 170th In VIC
-10.92% Median Price Change (1 yr) (National Average 4.30%) 2561st In VIC
$575pw Median Rent (National Average $395) 95th In VIC
3.5% Median Gross Yield (National Average 4.24%) 314th In VIC
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Properties sold 87
Average discounting -7.40%
Average Days on Market 69
Stock on Market 35 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Patterson Lakes, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Patterson Lakes, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Patterson Lakes, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Patterson Lakes


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Latest Auction Results for Patterson Lakes as at 13 October 2019

Property Details
Sale Price
4Bed / 3Bath / -Car / House
$1,230,000

State Auction Clearance Rates - October 2019

Auctions Clearance rate
VIC 865 74%
ACT 68 75%
NSW 664 74%
NT 0 0%
QLD 177 41%
SA 79 68%
TAS 6 67%
WA 24 42%

Local Schools


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Suburb Information

Patterson Lakes, VIC 3197

Part of: Kingston Council No data available

The size of Patterson Lakes is approximately 4.3 square kilometres. It has 11 parks covering nearly 0.7% of total area. The population of Patterson Lakes in 2011 was 7,582 people. By 2016 the population was 7,538 showing a population decline of 0.6% in the area during that time. The predominant age group in Patterson Lakes is 40-49 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation. In 2011, 78.3% of the homes in Patterson Lakes were owner-occupied compared with 79.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Patterson Lakes

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Patterson Lakes   for Houses in last 12 months


There have been 105 Houses sold in Patterson Lakes in the past 12 months with a median sale price of $912K, up -5.3% annually. It takes on average 76 days to sell with vendor discounting of -8.35%.

Streets in Patterson Lakes


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