VIC · 3197

Patterson Lakes

Suburb profile, market snapshot and recent listings for Patterson Lakes, VIC 3197.

Patterson Lakes, VIC 3197

About Patterson Lakes

Welcome to Patterson Lakes

Patterson Lakes sits around 40 kilometres south-east of Melbourne's CBD, in the city's bayside south-east, wedged between Carrum, Bonbeach and Chelsea Heights. It's a suburb built almost entirely around water, with a network of man-made canals and lakes threading through residential streets, many of them lined with private jetties and boats moored at the back fence.

With a population of just 7,793 and a median age of 46, it's a settled, family-oriented pocket that appeals to boaties, retirees downsizing to lock-up-and-leave living, and families after space and a slower pace without straying too far from the bay and the Frankston line.

Lifestyle & dining

Life in Patterson Lakes revolves heavily around the water. Kayaking, paddleboarding and boating are part of everyday life for many residents, and the canal system gives the suburb a genuinely different feel to its neighbours. The local marina and waterfront cafes provide a relaxed base for weekend coffee runs, while the nearby Carrum and Bonbeach strips add a few extra dining and takeaway options within easy reach.

For bigger nights out or a wider spread of restaurants, residents typically head into Chelsea or Frankston, both a short drive away, while the beach itself is never far off for a walk or a swim.

Shopping

Patterson Lakes doesn't have a large retail strip of its own, so day-to-day shopping tends to be done at nearby Carrum and Chelsea, which offer supermarkets, specialty stores and cafes along their village-style main streets. Bigger shopping needs are generally met at Frankston, which has a full-scale retail and entertainment precinct within a reasonable drive.

Getting around

The suburb is well served by road, with EastLink and the Frankston Freeway giving relatively quick access up towards the city and down the Peninsula. Public transport users generally rely on the train stations at neighbouring Carrum and Bonbeach on the Frankston line, both a short drive or bus trip from most Patterson Lakes addresses, connecting through to Melbourne's CBD.

Local bus routes link the suburb to these stations and to surrounding shopping centres, though many residents find a car essential given the low-density, canal-based street layout.

Schools & families

Patterson Lakes Primary School serves the local area and is a drawcard for families choosing to settle here, offering a walkable option for younger children. Secondary options are found in neighbouring suburbs such as Chelsea and Chelsea Heights, with a range of government and independent schools within a short drive.

Parks & recreation

Recreation here is defined by water. Beyond the canals themselves, residents have quick access to the foreshore reserves around Carrum and Bonbeach, popular for beach walks, swimming and fishing. Local parks and reserves scattered through the suburb's residential pockets offer more traditional green space, while boat ramps and the marina cater to the suburb's strong boating culture.

The property market

Patterson Lakes' property market is dominated by houses, which make up around 65% of current listings, followed by apartments and units at 28% and a smaller share of townhouses at 7%. The median house price sits at $1.17 million, reflecting strong recent growth of 20.7%, while units offer a considerably more affordable entry point with a median of $588,000.

Median weekly rent across the suburb is $745, underlining solid demand from tenants as well as owner-occupiers. The mix of waterfront houses, canal-front blocks and more modest inland streets means there's a reasonably wide price spread for buyers to work with, though the suburb's water frontage remains its standout, premium-attracting feature.

Market snapshot

Patterson Lakes property market

Median price ranks #915 of 3,797 suburbs · pricier than 76%
Type
Bedrooms

Median sale price

$1.17m

House · 3 bed

Median rent

$745

per week

Gross rental yield

3.3%

annual rent ÷ sale price

Typical price range

Entry

$803k

Median

$1.17m

Premium

$1.83m

Days on market

31

Auction clearance

91%

Sold this year

53

Median sold price trend · House 3 bed

Compound growth +6.2% / yr over 4 yrs

Median price by bedrooms · House

Property types on market

Share of current listings in Patterson Lakes by dwelling type.

House64%
Apartment / Unit27%
Townhouse9%

Who lives here

Demographics

ABS Census 2021 figures for Patterson Lakes, VIC 3197.

Population

7,793

residents (2021)

Median age

46

years

Household income

$1,932

median, per week

Median rent

$430

per week

Median mortgage

$2,100

per month

Mortgage / income

25%

comfortable

Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.

Education

Schools in Patterson Lakes

Government school catchment

Patterson Lakes Primary School

Prep-6CoEdGovernment
Visit school website →

Recent results

Recently sold in Patterson Lakes

$800k

12 Boloka Court

house3 bd · 1 ba · 6 car

Sold ~July 2026

$780k

8/17-23 Legana Court

townhouse3 bd · 2 ba · 2 car

Sold ~July 2026

$1.52m

218 Gladesville Boulevard

house5 bd · 3 ba · 3 car

Sold ~July 2026

$468k

208/109 McLeod Road

apartment2 bd · 2 ba · 1 car

Sold ~July 2026

$460k

2/19 Northshore Drive

apartment2 bd · 1 ba · 1 car

Sold ~July 2026

$1.26m

11 The Parkway

house4 bd · 2 ba · 2 car

Sold ~July 2026

$1.42m

11 Oceanic Drive

house4 bd · 2 ba · 4 car

Sold ~July 2026

$1.14m

2 Wetland Drive

house4 bd · 2 ba · 2 car

Sold ~June 2026

Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.

Explore the area

Properties & amenities in Patterson Lakes

Loading map…

Compare the area

Price map around Patterson Lakes

Every listing for sale near Patterson Lakes, coloured by price — so you can see how it stacks up against the streets and suburbs next door.

CheaperPricier
Patterson LakesNearby suburbs

Loading price map…

Common questions

Patterson Lakes suburb FAQ

What is the median property price in Patterson Lakes?

The median house price in Patterson Lakes, VIC is $1.17m for a 3-bedroom home. Over the past year, median sold prices have risen about 20.7%.

How much is rent in Patterson Lakes?

The median weekly rent in Patterson Lakes is around $745 per week.

Is Patterson Lakes a good place to live?

Patterson Lakes is a suburb in Melbourne, Victoria, Australia, 35 km (22 mi) southeast of Melbourne's Central Business District, located within the City of Kingston local government area. Patterson Lakes is an established residential suburb in VIC, with a population of around 7,793 and 1 school in the area.

What is the population of Patterson Lakes?

Patterson Lakes has a population of 7,793 (ABS 2021 Census), with a median age of 46.

What schools are in Patterson Lakes?

There is 1 school in or near Patterson Lakes, including Patterson Lakes Primary School.

How long do homes take to sell in Patterson Lakes?

Properties in Patterson Lakes take around 31 days to sell on average, with an auction clearance rate of about 91%.

How much do you need to buy in Patterson Lakes?

Entry-level properties in Patterson Lakes start around $803k, while premium homes reach $1.83m.

What suburbs are near Patterson Lakes?

Suburbs near Patterson Lakes include Carrum, Bonbeach, Downs, Chelsea Heights and Chelsea.

Available now

Properties in Patterson Lakes

View all listings →
Image 1
Image 2
For Sale
$480k–$520k
apartment

Relaxed Living, Everyday Convenience

213/109 McLeod Road, Patterson Lakes VIC 3197
221
Ray White The Bayside Group4 weeks ago
Ask AI about this property
Image 1
Image 2
For Sale
$780k–$820k
apartment

Waterfront Luxury, Private Mooring & Spectacular Views

32/117 McLeod Road, Patterson Lakes VIC 3197
222
Domo Real Estate3 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$450k–$480k
apartment

Relaxed Waterfront Living with Marina Views

510/109 Mcleod Road, Patterson Lakes VIC 3197
221
Jellis Craig Mentone & Chelsea2 months ago
Ask AI about this property
Image 1
Image 2
NewFor Sale
$495k–$525k
apartment

BREATHTAKING LAKE VIEWS | UNBEATABLE LIFESTYLE

27/59-73 Gladesville Boulevard, Patterson Lakes VIC 3197
211
Domo Real Estate6 days ago
Ask AI about this property
Image 1
Image 2
NewFor Sale
$1.27m–$1.4m
townhouse

A Masterclass in Modern Waterfront Luxury

67 Scarborough Drive, Patterson Lakes VIC 3197
322
Property One Sales & ManagementYesterday
Ask AI about this property
Image 1
Image 2
For Sale
$7.5m–$8.2m
house

Prestige Waterfront Estate Patterson Lakes' Most Iconic Holding

13-14 Castaway Court, Patterson Lakes VIC 3197
5641770 m²
Mitchell Torre Real Estate3 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$1.95m–$2.05m
house

Single Level. Huge Waterfrontage. Impeccable Views.

8 Ibis Court, Patterson Lakes VIC 3197
422777 m²
Mitchell Torre Real Estate3 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$1.75m–$1.92m
house

Waterfront Living with a Private Beach & Effortless Entertaining - EOI - DEADLINE 23/06/2026

9 Myuna Court, Patterson Lakes VIC 3197
534
Chadwick & Co Real Estate1 month ago
Ask AI about this property
Image 1
Image 2
For Sale
$3.75m–$3.95m
house

Main Canal Offering Sand, Sun & Two Moorings

21 - 22 Castaway Court, Patterson Lakes VIC 3197
5441170 m²
Mitchell Torre Real Estate3 months ago
Ask AI about this property
Image 1
Image 2
For Sale
$1.8m–$1.9m
house

Expansive Waterfront Family Living with Private Jetty, Multiple Living Zones & Boat on a large 723m2 block

205 Gladesville Boulevard, Patterson Lakes VIC 3197
524723 m²
Ray White Chelsea3 months ago
Ask AI about this property
Image 1
Image 2
NewFor Sale
$1.7m–$1.85m
house

Four Levels of Luxury with Spectacular Water Views & Direct Marina Access

32 Pier One Drive, Patterson Lakes VIC 3197
432
Buxton ChelseaYesterday
Ask AI about this property
Image 1
Image 2
NewFor Sale
$1.63m–$1.78m
duplex

Luxury, Location and Lifestyle on the Water's Edge

5B Admirals Quay, Patterson Lakes VIC 3197
324
Mitchell Torre Real EstateYesterday
Ask AI about this property