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Real Estate Market: Is Patterson Lakes VIC 3197 a Good Suburb to Buy Into?
Housing Market in Patterson Lakes
Sources: Property Listings and Microburbs, 2002 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
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| $797 | Top 15% |
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| Premium | Premium | Premium |
Housing Supply in Patterson Lakes
The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 66.3 | Top 19% |
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| 0.1 | Bottom 22% | Data for Jul 2023 | ||
| 85.7 | Top 4% | Data for May 2023 | ||
| Premium | Premium | Premium | ||
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| 4 lots | Top 48% | Data for Sep 2021 | ||
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| 17 | Top 5% |
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Housing Stock Quality in Patterson Lakes
The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 59.9% | Bottom 6% |
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| 2.5 | Top 48% | Data for Jan 2021 | ||
| 0.0% | Bottom 37% | Data for Jun 2023 |
Development Restrictions in Patterson Lakes
The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 4.0 sq km | Bottom 36% | Data for Jan 2021 | ||
| 0.0 sq km | Bottom 18% | Data for Jun 2023 | ||
| 351 sqm per resident | Bottom 15% | Data for Jan 2021 |
Risk in Patterson Lakes
The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 88.6% | Bottom 37% |
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| 11.4% | Top 37% | 0 to May 2023 | ||
| 47 | Top 17% | Data for Jun 2023 | ||
| $2,290 | Top 31% |
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| 80 | Top 43% | Data for Jun 2023 | ||
| 76 | Bottom 48% | Data for Jun 2023 | ||
| 25.0% | Top 34% |
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| 43.2% | Top 37% |
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Housing Demand in Patterson Lakes
The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
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| 13600 | Top 43% |
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| 127000 | Top 17% |
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| 164000 | Top 8% |
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Unit Market in Patterson Lakes
Sources: Property Listings and Microburbs, 2002 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
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| $577 | Top 20% |
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| Premium | Premium | Premium | ||
| 51.1% | Bottom 24% |
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Accommodation Options (4)
| Headline | Place | Datetime |
|---|---|---|
| Club Pet | 55 Palm Beach Dr | |
| Olive Cove B&B | 63 Harbour Dr | |
Realtors (1)
| Headline | Place | Datetime |
|---|---|---|
| Ray White Patterson Lakes | Lakeview Shopng Cntr Cnr Gladesville Boulevard/ Shop 32c/ Thompson Rd |
Planning Applications: Other (24)
| Headline | Place | Date |
|---|---|---|
| Buildings and works to reconfigure existing carpark; Woolworths Direct to Boot (DTB) service and associated signage - Kingston City Council KP-2025/480 | 102-114 Gladesville Boulevard, Patterson Lakes, VIC | 06 Nov 2025 |
| To vary the restrictive covenant contained in instrument AH496344N by: a) Removing Sections (i),(ii) and (iii) b) removing the words "or such smaller area as the architect in his absolute discretion may consent to" from section (iv) - Streamlined Planning through Electronic Applications and Referrals S253760J | 50 Wetland Drive, Patterson Lakes VIC 3197 | 12 Aug 2025 |
| Use the land for the sale and consumption of alcohol (extend an existing licence outside of the premise) - Kingston City Council KP-2002/155/B | Shop 15 21 Thompson Road, Patterson Lakes, VIC | 29 May 2025 |
| Re-align existing Title boundaries and removal of carriageway easement E-52 from Lot 536 - Kingston City Council KP-2024/137 | 64 Pier One Drive, Patterson Lakes, VIC | 28 Mar 2024 |
| To re-align existing Title boundaries to accord with the planning document “Endeavor Cove Comprehensive Development Plan” and remove carriageway easement E-52 from Lot S36 on PS337700R. - Streamlined Planning through Electronic Applications and Referrals S227672A | 64 Pier One Drive, Patterson Lakes VIC 3197 | 27 Mar 2024 |
Planning Applications: Dwellings (43)
| Headline | Place | Date |
|---|---|---|
| The development of a dwelling within the Land Subject to Inundation Overlay - Kingston City Council KP-2021/314/A | 1 Southseas Place, Patterson Lakes, VIC | 29 Aug 2025 |
| This application seeks approval for the construction of a swimming pool that is partially above natural ground level, with a maximum height of 1600mm. While this exceeds the standard 750mm height guideline, the increased height is required to align the pool’s finished level with the existing dwelling’s finished floor level, providing safe and practical access. The proposed pool is sited 3.0 metres from the rear boundary and is wholly located outside of the identified easement. The design ensures there is no unreasonable impact on adjoining properties, with no obstruction to existing views toward the waterfront from either neighbouring property. The proposal maintains appropriate setbacks, respects the existing neighbourhood character, and does not result in any loss of amenity for adjoining properties. The elevated design is essential to facilitate integration with the dwelling and to support the functional use of the outdoor space. - Kingston City Council KP-2025/154 | 229 Gladesville Boulevard, Patterson Lakes, VIC | 29 Apr 2025 |
| Develop the land for a dwelling in the Land Subject to Inundation Overlay - Kingston City Council KP-2024/635 | 16 Pier One Drive, Patterson Lakes, VIC | 26 Nov 2024 |
| To develop and use the site for a dual occupancy, in accordance with the plans to be submitted pursuant to Condition 1 hereof; - Kingston City Council KP-1999/171/A | 30 Ocean Reef Drive, Patterson Lakes, VIC | 12 Nov 2024 |
| To develop and use the site for a dual occupancy, in accordance with the plans to be submitted pursuant to Condition 1 hereof; - Kingston City Council KP-1999/171/A | 30 Ocean Reef Drive, Patterson Lakes, VIC | 12 Nov 2024 |
LGA Details (1)
| Headline | Place | Datetime |
|---|---|---|
| Local government area | Kingston (Vic.) |
Median Unit Sale Prices by Street (5)
| Date | Median sale value | Street |
|---|---|---|
| 06 Dec 2025 | $871,500 | Canberra St |
| 06 Dec 2025 | $643,000 | Gladesville Bvd |
| 06 Dec 2025 | $702,500 | Inner Harbour Dr |
| 06 Dec 2025 | $714,500 | Mcleod Rd |
| 06 Dec 2025 | $589,000 | Thompson Rd |
Median House Rental Prices by Street (10)
| Street | Date | Median rent (per week) |
|---|---|---|
| Arrunga Ct | 06 Dec 2025 | $740 |
| Canberra St | 06 Dec 2025 | $819 |
| Boloka Ct | 06 Dec 2025 | $740 |
| Gladesville Bvd | 06 Dec 2025 | $740 |
| Scarborough Dr | 06 Dec 2025 | $905 |
Percent of Renters by Street (100)
| Percent of Renters | Street |
|---|---|
| 10.7% | Alexander Circle |
| 23.1% | Acacia Cr |
| 40.0% | Adelong Ct |
| 7.4% | Admirals Quay |
| 0.0% | Ariel Way |
Median House Sale Prices by Street (24)
| Street | Date | Median sale value |
|---|---|---|
| Acacia Cr | 06 Dec 2025 | $1,601,000 |
| Alkira Ct | 06 Dec 2025 | $782,000 |
| Canberra St | 06 Dec 2025 | $1,269,000 |
| Curlew Point Dr | 06 Dec 2025 | $2,482,000 |
| Erinka Cr | 06 Dec 2025 | $1,146,000 |
Turnover Rate by Street (100)
| Turnover rate | Street | Turnover Label | Turnover Years | Year |
|---|---|---|---|---|
| 44.7% | The Parkway None | very tightly held | Every 22.4 years (very tightly held) | 2025 |
| 44.1% | Harbour Dr | very tightly held | Every 22.7 years (very tightly held) | 2025 |
| 63.2% | Gladesville Bvd | quite tightly held | Every 15.8 years (quite tightly held) | 2025 |
| 93.0% | Canberra St | high turnover | Every 10.8 years (high turnover) | 2025 |
| 25.0% | Castaway Ct | very tightly held | Every 40.0 years (very tightly held) | 2025 |
Businesses (42)
| Name | Address |
|---|---|
| Grass Munchers | 10 Iluka Island, Patterson Lakes VIC 3197, Australia |
| Proform Concreting Group | |
| Harbour Homes | Patterson Lakes VIC 3197, Australia |
| Ray White Patterson Lakes | Shop 32A Lakeview Shopping Centre, Patterson Lakes VIC 3197, Australia |
| Envision Designs | 117 McLeod Rd, Patterson Lakes VIC 3197, Australia |
Recently Sold Houses (100)
| Address | Price | Bedrooms | Bathrooms | Garage spaces | Date sold | Subdivisible into | Sale Type |
|---|---|---|---|---|---|---|---|
| 14 Lady Wellington Ct | $1,385,000 | 4.0 | 2.0 | 2.0 | 05 Dec 2025 | 0 | On Market |
| 8 Bream Bay | $1,665,000 | 4.0 | 3.0 | 4.0 | 03 Dec 2025 | 0 | On Market |
| 120 North Shore Dr | $2,155,000 | 5.0 | 2.0 | 4.0 | 28 Nov 2025 | 0 | On Market |
| 18 North Shore Dr | Price Withheld | 3.0 | 2.0 | 2.0 | 15 Nov 2025 | 0 | On Market |
| 32 North Shore Dr | $1,450,000 | 3.0 | 2.0 | 2.0 | 10 Nov 2025 | 0 | On Market |
Recent Rental Unit Listings (100)
| Address | Rent (per week) | Bedrooms | Bathrooms | Garage spaces | Date |
|---|---|---|---|---|---|
| Unit 5, 260 Mcleod Rd | $720 | 3.0 | 1.0 | 2.0 | 06 Nov 2025 |
| Unit 5, 260 Mcleod Rd | $700 | 3.0 | 1.0 | 2.0 | 06 Nov 2025 |
| Unit 5, 260 Mcleod Rd | $720 | 3.0 | 1.0 | 2.0 | 06 Nov 2025 |
| Unit 5, 260 Mcleod Rd | $720 | 3.0 | 1.0 | 2.0 | 06 Nov 2025 |
| Unit 5, 260 Mcleod Rd | $720 | 3.0 | 1.0 | 2.0 | 06 Nov 2025 |
Recent Rental House Listings (100)
| Address | Rent (per week) | Bedrooms | Bathrooms | Garage spaces | Date | Subdivisible into |
|---|---|---|---|---|---|---|
| 11 Governor Arthur Dr | $880 | 4 | 3 | 2 | 12 Nov 2025 | 0 |
| 11 Governor Arthur Dr | $880 | 4 | 3 | 2 | 12 Nov 2025 | 0 |
| 11 Governor Arthur Dr | $880 | 4 | 3 | 2 | 12 Nov 2025 | 0 |
| 11 Governor Arthur Dr | $880 | 4 | 3 | 2 | 12 Nov 2025 | 0 |
| 11 Governor Arthur Dr | $880 | 4 | 3 | 2 | 12 Nov 2025 | 0 |
Recently Sold Units (100)
| Address | Price | Bedrooms | Bathrooms | Garage spaces | Date sold | Sale Type |
|---|---|---|---|---|---|---|
| Unit 22, 60-68 Gladesville Bvd | $620,000 | 2.0 | 2.0 | 2.0 | 05 Dec 2025 | On Market |
| 19 Scarborough Dr | $1,170,000 | 3.0 | 3.0 | 2.0 | 28 Nov 2025 | On Market |
| 19 Scarborough Dr | $1,170,000 | 3.0 | 3.0 | 2.0 | 28 Nov 2025 | On Market |
| 19 Scarborough Dr | $1,170,000 | 3.0 | 3.0 | 2.0 | 28 Nov 2025 | On Market |
| 19 Scarborough Dr | $1,170,000 | 3.0 | 3.0 | 2.0 | 28 Nov 2025 | On Market |
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