VIC3204· Pop. 33,130Glen Eira

PATTERSON

MaturePremium-priced suburb — lower upside but defensive and liquid

Investor score

56

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

$1,773,000

VIC Gov · 2025

Rent yield

1.4%

computed from govt data

Annual growth

-0.6%

annualised from govt data

Vacancy rate

1.8%

modelled estimate

AI insights for PATTERSON

Investment analysis, risks & comparisons

PREMIUM

PATTERSON shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Median price sourced from VIC Gov · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$461/wk

DFFH Moving Annual Rent · Sep 2025

Demand change

+3.2%

annual shift

Yield × growth index

0.4

combined signal

Net yield (est.)

1.75%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+2.2%

est. compound, long-run avg

10-yr growth (CAGR)

+7.8%

est. compound, long-run avg

Rental demand

62 / 100

Strong demand

Supply pipeline

Est.

3.9%

new dwellings approved / stock · Modelled estimate

High supply risk

5-year price history

2020
$1590k
2021
$1900k
2022
$1848k
2023
$1795k
2025
$1773k

Source: VIC Gov · 2025 · all sources

Market overview

PATTERSON is a metropolitan VIC suburb with moderate capital growth momentum and lower rental yield. Strong infrastructure, employment access, and lifestyle amenities support ongoing investment demand.

Highlights

  • Metro VIC suburb with strong infrastructure and transport
  • Rental yield 1.4% with stable tenant demand
  • Access to national transport network and amenities

Risk factors

  • High entry price may limit buyer pool
  • Below-average growth — limited capital appreciation signal
  • Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$2,233/wk

$96k taxable p.a.

Renters

31.6%

66.3% owner-occupier

Median age

39.0 yrs

Unemployment

2.3%

Population growth

+4.4% p.a.

Investor-owned

19.0%

of all dwellings (ATO)

Houses

54%

31% apartments

Degree qualified

48.3%

bachelor's or higher (ABS)

Work from home

20.5%

of employed residents (ABS Census)

Median lot size

460 m²

Standard block

Household size

2.3 persons

avg per dwelling (ABS Census)

Short-term rental

6.0%

Some Airbnb activity

Market activity

Distance to CBD

13.2 km

Middle ring

Days on market

36 days

Normal turnover

Auction clearance

72.3%

Strong demand

Walkability

92 / 100

Walker's paradise

Coastal proximity

16.2 km

Coastal fringe

NBN technology

FTTC

Good — fibre to curb

Population density

1,010/km²

Suburban

Schools in postcode 3204

🏫5 Primary🎓2 Secondary📚2 Combined
ACARA 2025

🏫Primary (5)

Ormond Primary School

Government · Yrs Prep-6

ICSEA 1158

Mckinnon Primary School

Government · Yrs Prep-6

ICSEA 1156

Bentleigh West Primary School

Government · Yrs Prep-6

ICSEA 1146

St Paul's School

Catholic · Yrs Prep-6

ICSEA 1134

Tucker Road Bentleigh Primary School

Government · Yrs Prep-6

ICSEA 1120

🎓Secondary (2)

Mckinnon Secondary College

Government · Yrs 7-12

ICSEA 1118

Our Lady of the Sacred Heart College

Catholic · Yrs 7-12

ICSEA 1093

📚Combined (2)

Kilvington Grammar School

Independent · Yrs Prep-12

ICSEA 1182

Divrei Emineh

Independent · Yrs Prep-12

ICSEA 932

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

Moderate
63/ 100

7.3 offences / 100 persons

Source: VIC Crime Statistics Agency · Dec 2025

School quality

Top tier
1115ICSEA · national avg 1000

9 schools in postcode area

Source: ACARA My School 2025

Transit access

Good
53/ 100
🚆 3 train🚃 22 tram🚌 38 bus

Source: State GTFS feeds

Gentrification signal

39

/ 100

Early signs

Early-stage signals only. Watch for rising rents, new café activity, and building application increases as leading indicators.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

low

Source: State GIS flood zone data

🔥

Bushfire risk

none

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

medium

Coastal exposure + state climate

Live suburb intelligence

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Location

Properties in PATTERSON

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