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.

Median data for September 2018 Quarter. Click here for details.

Median Sale Price

$527k

Metro Melbourne

$834k

Quarterly Price Change

-2.8%

Metro Melbourne

0.0%

Median Rent

$360

Metro Melbourne

$450

Rental Yield

3.5%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 46.1%
Days on Market 27 38
Median price by Bedrooms Suburb Metro
2 Bedrooms $419,139 $895,000
3 Bedrooms $491,000 $744,750
4 Bedrooms $570,000 $880,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $300 $480
3 Bedrooms $345 $420
4 Bedrooms $380 $475

Median data for September 2018 Quarter. Click here for details.

Median Sale Price

$395k

Metro Melbourne

$604k

Quarterly Price Change

-4.8%

Metro Melbourne

0.2%

Median Rent

$320

Metro Melbourne

$420

Rental Yield

4.2%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 46.1%
Days on Market 27 38
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $375,000
2 Bedrooms $370,000 $575,000
3 Bedrooms $430,000 $771,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $365
2 Bedrooms $290 $431
3 Bedrooms $330 $520

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