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Bass Coast Shire

Cape Paterson

Cape Paterson Property Market
& Suburb Profile

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MEDIAN PRICES IN CAPE PATERSON

Median house price

(all agencies, last 12 months)$735k*

House price change

(all agencies, last 12 months)-13.02%

Median unit price

(all agencies, last 12 months)$725k*

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

CAPE PATERSON price TRACKER

HousesUnits

Cape Paterson sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)81

Average days on market (units)

(all agencies, 12 months)281

Average held period in Cape Paterson

(proptrack)15 years

Cape Paterson Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$460pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$444pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.48%

Average rental yield for Units

(all agencies, last 12 months)4.27%

Cape Paterson total population size

(as at the last census)1,111

Median household size in Cape Paterson

(as at the last census)2.2

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Cape Paterson property types

  • Houses 63%
  • Units 3%
  • Other 34%

OCCUPANCY in Cape Paterson

  • Owned 78%
  • Rented 16%
  • Other/Not Stated 6%
  • Singles 31%
  • Families 66%
  • Other 4%

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About Cape Paterson

Cape Paterson is a picturesque seaside village on Victoria’s Bass Coast, located around 132 km southeast of Melbourne and about 8 km south of Wonthaggi. The area is celebrated for its dramatic coastline, sheltered rock pools, and pristine beaches – making it a beloved destination for beach lovers and nature enthusiasts.

Life in Cape Paterson is relaxed and community-minded, blending a strong coastal vibe with a history of minimal development. The town’s roots include Victoria’s first coal discovery in 1826, and its coastal rock platforms are recognised globally for their polar dinosaur fossils. A modern highlight is The Cape - a sustainable residential estate built on former farmland, where homes must meet high energy-efficiency standards and protect native wildlife and wetlands.

Visitors and residents enjoy walking trails like the coastal clifftop path, fishing, surfing, snorkelling in the Bunurong Marine National Park, and discovering marine life at rock pools like Eagles Nest and Flat Rocks.

Cape Paterson has seen steady demand for housing and the rental stock is modest but stable.

The suburb is best accessed by car via the South Gippsland and Bass Highways. It’s roughly 1 hour 45 minutes from Melbourne CBD, making it feasible for weekenders or regional commuters. Public transport options are limited, so private vehicles are the most practical choice for daily access.

While Cape Paterson doesn’t host schools within its limited boundaries, nearby Wonthaggi and Inverloch offer primary and secondary schooling options. The close-knit town has a caravan park, café, basic amenities, and enjoys proximity to Inverloch for broader shopping, medical services, farmers’ markets, and community events.

Why Choose Cape Paterson?

  • A peaceful coastal retreat with easy Melbourne access
  • Rich natural beauty and geological significance
  • A strong focus on sustainability and eco-conscious development
  • Friendly, small-town atmosphere with essential services nearby
  • An attractive option for retirees, holiday homeowners, and eco‑minded buyers

Source of image below: https://www.ingeniaholidays.com.au/blog/5-things-to-do-around-cape-paterson

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Sales Comparison

Find out how Cape Paterson median sales prices compare to neighbouring suburbs.

Cape Paterson MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
202541$730,000-13.02%36$452pw3.88%
202429$840,0001.55%30$456pw3.73%
202338$739,875-7.13%23$435pw3.48%
202239$847,50012.44%20$421pw3.32%
202153$809,31324.03%16$404pw3.14%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
202541$730,000-13.02%
202429$840,000+1.55%
202338$739,875-7.13%
202239$847,500+12.44%
202153$809,313+24.03%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202536$452pw3.88%
202430$456pw3.73%
202323$435pw3.48%
202220$421pw3.32%
202116$404pw3.14%

PROUDLY SERVICING Cape Paterson

Barry Plant
Wonthaggi

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.