Profile for Pakenham

3810

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.

Recent Sales & Auction Results in Pakenham

Address Price Type Method Sale Date Agent
Property List
42 Willowtree Dr, Pakenham 3 House (Res) Private Sale 02/11/2020 Ian Reid Vendor Advocacy
21 Park Orchard Dr, Pakenham 3 House Private Sale 01/11/2020 Eview Group Frankston

Median data for September 2020 Quarter. Click here for details.

Median Sale Price

$520k

Metro Melbourne

$846k

Quarterly Price Change

0.7%

Metro Melbourne

-1.7%

Median Rent

$360

Metro Melbourne

$475

Rental Yield

3.6%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 80.1%
Days on Market 34 74
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $926,000
3 Bedrooms $475,000 $765,000
4 Bedrooms $560,000 $917,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $325 $500
3 Bedrooms $350 $450
4 Bedrooms $390 $495

Median data for September 2020 Quarter. Click here for details.

Median Sale Price

$388k

Metro Melbourne

$623k

Quarterly Price Change

-6.9%

Metro Melbourne

0.2%

Median Rent

$330

Metro Melbourne

$425

Rental Yield

4.3%

Metro Melbourne

3.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 80.1%
Days on Market 34 74
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $390,000
2 Bedrooms $359,000 $595,000
3 Bedrooms $419,100 $790,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $360
2 Bedrooms $315 $440
3 Bedrooms $340 $525

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