Pakenham is located 54 km south-east of the CBD. Pakenham has been one of the fastest growing suburbs in Melbourne over the last twenty years. It has been one of the major areas of new residential development in the south-east growth corridor and it is expected to increase substantially in the future. The suburb incorporates large tracts of productive agricultural land to the south and undulating terrain in the north. Pakenham is also the home of the operations centre of the Cardinia council.
Median data for March Quarter 2024. Click here for details.
Median Sale Price
$665k
Metro Melbourne
$929k
Quarterly Price Change
1.5%
2%
Median Rent
$490
$550
Rental Yield
3.9%
3.1%
$490k
$635k
-2%
0.3%
$430
$520
4.6%
4.3%
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