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Pakenham
AREA REPORTS

Pakenham

Pakenham - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3810

house
unit
PAKENHAM ranks 600th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 14.02% for the past year is higher than average compared to its 50.62% growth within a five-year period.

Also in PAKENHAM, the median home price is sitting at $610,000, and the average rent at $390, this suggests property owners could potentially earn a 3.32% increase in gross rental yield.

Property investors have seen a 2.52% gain in PAKENHAM based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on PAKENHAM, 3810 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.02%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.22% growth over a ten-year period. It ranks 1844th 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 $610,000 $435,260
GROWTH REPORT
Median Quarterly 2.52% 3.63%
Median 12 month 14.02% 8.82%
Median 3 years 18.45% 11.61%
Median 5 years 50.62% 40.41%
10 years average annual 6.22% 5.08%
Weekly media advert. rent $390 $350
Time on Market 20.8 days 29.5 days
Gross Rental Yield Percent 3.32% 4.18%
demographics (median values)*
Total Population
47894
Weekly Household Income
1383
Household Size
2.80
Age
32
Monthly Loan Repayment
1700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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