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Pakenham
AREA REPORTS

Pakenham

Pakenham - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3810

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unit
PAKENHAM ranks 542nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 6.49% for the past year is lower than average compared to its 44.83% growth within a five-year period.

Also in PAKENHAM, the median home price is sitting at $532,250, and the average rent at $365, this suggests property owners could potentially earn a 3.57% increase in gross rental yield.

Property investors have seen a 2.36% gain in PAKENHAM based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.9% growth over a ten-year period. It ranks 1675th on our list of suburbs that property investors should look into.

Data report can be found below

Pakenham
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $532,250 $400,000
GROWTH REPORT
Median Quarterly 2.36% 2.56%
Median 12 month 6.49% 8.99%
Median 3 years 10.43% 14.29%
Median 5 years 44.83% 37.69%
10 years average annual 4.9% 4.29%
Weekly media advert. rent $365 $330
Time on Market 35.4 days 50.3 days
Gross Rental Yield Percent 3.57% 4.29%
demographics (median values)
Total Population
19642
Weekly Household Income
1003
Household Size
2.70
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