Patterson Lakes
Suburb profile, market snapshot and recent listings for 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 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.
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
Recent results
Recently sold in Patterson Lakes
$800k
12 Boloka Court
Sold ~July 2026
$780k
8/17-23 Legana Court
Sold ~July 2026
$1.52m
218 Gladesville Boulevard
Sold ~July 2026
$468k
208/109 McLeod Road
Sold ~July 2026
$460k
2/19 Northshore Drive
Sold ~July 2026
$1.26m
11 The Parkway
Sold ~July 2026
$1.42m
11 Oceanic Drive
Sold ~July 2026
$1.14m
2 Wetland Drive
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
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.
Loading price map…
Nearby suburbs
Quick switch to nearby areas
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.
Fresh to market
New this week in Patterson Lakes
A Masterclass in Modern Waterfront Luxury
Four Levels of Luxury with Spectacular Water Views & Direct Marina Access
Luxury, Location and Lifestyle on the Water's Edge
Spacious Townhouse Living with Expansive Wraparound Balcony
Available now