Thinking about buying in Patterson Lakes? Now could not be a better time, with 4144 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,383,000 with prices in this suburb ranging from $356,000 to $6,453,000. Patterson Lakes is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Patterson Lakes Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Patterson Lakes ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Patterson Lakes provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Patterson Lakes requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Patterson Lakes we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Patterson Lakes a better buying opportunity than it may have been in the past.

Houses for sale Patterson Lakes

	1 southseas pl, patterson lakes, vic, 3197	0	0	0	500000
	41 curlew point dr, patterson lakes, vic, 3197	4	2	6	2250000
	6 lagoon pl, patterson lakes, vic, 3197	4	2	2	2270000

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General Points of Interest

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