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Pakenham

Suburb Profile

Pakenham - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3810

house
unit
PAKENHAM ranks 372nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -2.91% for the past year is lower than average compared to its 42.86% growth within a five-year period.

Also in PAKENHAM, the median home price is sitting at $500,000, and the average rent at $370, this suggests property owners could potentially earn a 3.85% increase in gross rental yield.

Property investors have seen a 2.04% 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 5.09% growth over a ten-year period. It ranks 1574th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $500,000 $375,000
GROWTH REPORT
Median Quarterly 2.04% 4.17%
Median 12 month -2.91% -2.6%
Median 3 years 22.55% 20.97%
Median 5 years 42.86% 37.36%
10 years average annual 5.09% 4.75%
Weekly media advert. rent $370 $340
Time on Market 50.0 days 53.4 days
Gross Rental Yield Percent 3.85% 4.71%
demographics (median values)
Total Population
19642
Weekly Household Income
1003
Household Size
2.70
demographics
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