VIC/
Pakenham

Suburb Profile

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

house
unit
PAKENHAM ranks 399th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 18.99% for the past year is higher than average compared to its 42.42% growth within a five-year period.

Also in PAKENHAM, the median home price is sitting at $470,000, and the average rent at $350, this suggests property owners could potentially earn a 3.87% increase in gross rental yield.

Property investors have seen a 4.44% 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 18.99%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.45% growth over a ten-year period. It ranks 1059th on our list of suburbs that property investors should look into.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $470,000 $331,000
GROWTH REPORT
Median Quarterly 4.44% 2.64%
Median 12 month 18.99% 7.55%
Median 3 years 34.29% 22.04%
Median 5 years 42.42% 22.83%
10 years average annual 6.45% 4.24%
Weekly media advert. rent $350 $300
Time on Market 32.3 days 37.7 days
Gross Rental Yield Percent 3.87% 4.71%
demographics (median values)
Total Population
19642
Weekly Household Income
1003
Household Size
2.70
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