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patterson lakes
3197, Victoria
Real Estate & Property Information
Median
Price Rank 155
Price Rank 155
patterson lakes Suburb Profile & Review
Best known as the site where Kath & Kim was set and filmed, Patterson Lakes also boasts a series of canals and lakes unlike any other suburb in Melbourne. Many compare its design and atmosphere to that of Queensland. Several houses have built boats and jetties in their backyards to utilise their direct access to the water. The area is popular with retirees and as a result is home to a number of retirement villages.
There is a shopping area near the intersection of Thompson Road and Gladesville Boulevard, where residents can enjoy a meal at one of the many restaurants. Further down Thompson Road is The Cove Hotel, which looks out over the marina. Patterson Lakes Primary School is near the main commercial area at the corner of Gladesville Boulevard and McLeod Road. Patterson River Secondary College is just outside the suburb's confines in neighbouring Carrum.
It is a forty-five minute drive to the city along the EastLink and Monash freeways. Carrum Station is only a few minutes away and trains take less than an hour to reach Flinders Street. There are a number of bus routes servicing the area as well.
Invest/Buy/Sell Checklist
Research
- 7 Tips On How To Buy/Sell
- Property/Suburb Report
- Buyer/Vendor Advocacy
- Finance Strategy & Lending
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7 Tips On How To Buy/Sell Enquiry
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Property/Suburb Report Enquiry
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Buyer/Vendor Advocacy Enquiry
Receive Independent Advice about Buying or Selling Our qualified buyer and vendor advocates can help you build your property portfolio with quality capital growth properties or conversely help you sell your property. Their thorough processes are designed to suit your specific needs, and their independent advice can take the stress out of the buying and selling process.
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Finance Strategy & Lending Enquiry
Hone Your Financial Knowledge by Speaking to a Finance Broker
Obtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Ownership Structure Enquiry
Are you financially structured the right way to invest in property?
Talk to a professional who is able to sit down with you and assess your goals and structure your finances in a way that will help you invest in property for the long-term.
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Property Valuation Enquiry
Have you bought your first investment property and don’t know where to start when it comes to management or just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
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Rental Appraisal Enquiry
Have you bought your first investment property and don’t know where to start when it comes to management - or are you just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
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Building & Pest Inspection Enquiry
Understand the Condition of Your Property Before You Buy
Avoid any nasty surprises before purchasing your property. Request a building and pest inspection report. This report will tell you everything you need to know about the condition of the property, including interior and exterior defects, termite activity and the presence of environmental dangers such as asbestos.
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Post Purchase
- Landlords Insurance
- Depreciation Schedule
- 1. Capital works allowance (Division 43) Takes into account the construction costs of the building itself, such as concrete and brickwork
- 2. Plant and equipment (Division 40) A deduction available for removable assets identified by the ATO that depreciate at a faster rate than the building eg carpet, dishwasher, blinds, ovens.
- Removalist
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Landlords Insurance Enquiry
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Buying an investment property for the first time? Concerned about tenants damaging your property, rental loss or losing your job and being unable to pay your mortgage?
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Depreciation Schedule Enquiry
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
Tax Depreciation Calculator
Get an estimate of the likely depreciation deductions using the following Tax Depreciation Calculator
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Removalist Enquiry
Find the Best Removalist for the Job
Take the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
Would you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?
Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.
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Trades Enquiry
Find a Qualified Local Tradesperson
Finding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.
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patterson lakes Demographic Data
$ 615,000 Median House Price
38 Minutes Average Commute
41 Median Age
7,582 Population
50.84 % Female
49.16 % Male
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in patterson lakes, Victoria.
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patterson lakes Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
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patterson lakes 5 Year Median House Prices
Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in patterson lakes have performed, and it usually indicates how they will perform in the future.
Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term patterson lakes property price predictions.
patterson lakes Market Property Types
- 63 % Seperate House
- 23 % Semi Detached
- 14 % Flat or Unit
- 0 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
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patterson lakes Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
patterson lakes Income & Mortgage Stats
- $ 1,420 Median Weekly Household Income
- $ 2,000 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in patterson lakes
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
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patterson lakes Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
patterson lakes Sold Property Prices
5 MYUNA COURT
6 Adelong Court
10B Daniel Close
12 Town Lane
2/192 McLeod Road
17 Kalang Court
patterson lakes Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
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- Terry Alderman
- Century 21
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- Stavros Ambatzidis
- O'Brien Real Estate
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- David Mitchell
- Mitchell Torre Real Estate
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- Damian Wooster
- Ray White
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patterson lakes Restaurants
- Stirfry'DShop 29b, 102-114 Gladesville Bvdpatterson lakes VIC 319703 9773 9728
- Shavan's Tandoori IndianShop 15, Harbour Plaza, 37 Thompson Rd patterson lakes VIC 319703 9773 0639
- River Thai Cafe Restaurant100 Gladesville Blvd patterson lakes VIC 319703 9773 4288
patterson lakes Cafes
- Rusty PelicanShop 10, Harbour Plaza, 11 Thompson Roadpatterson lakes VIC 319703 9772 0544
- Kelly's KitchenShop 10, Thompson Rd & Gladesville Boulevard Cornerpatterson lakes VIC 319703 9772 8797
patterson lakes Schools
- Patterson Lakes Primary School130 Gladesville Boulevardpatterson lakes VIC 3197(03) 9772 4011State Primary School
patterson lakes Childcare
- Daisy Chain Child Care Centre2-4 Old Wells Roadpatterson lakes VIC 3197
patterson lakes Kindergarten and Preschools
- Patterson Lakes Kindergarten25 Terrigal Drivepatterson lakes VIC 3197
patterson lakes Sporting Centres and Clubs
- Keysborough Angling Clubpatterson lakes VIC 3197
- Dingley Pony Clubpatterson lakes VIC 3197Horse Riding Club
- Lake Leganapatterson lakes VIC 3197Tennis Club & Courts
patterson lakes Retirement Villages
- Berkeley Livingpatterson lakes VIC 3197
- Illawong Residential Clubpatterson lakes VIC 3197
- Patterson Lakes Aged Carepatterson lakes VIC 3197
patterson lakes Vets
- Patterson Lakes Vet Clinicpatterson lakes VIC 3197
Find out How Much your House is Worth in patterson lakes
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