Market snapshot
Suburb insights for Pakenham3810
Change suburbPakenham, approximately 53 km southeast of the CBD, is Cardinia’s largest and most developed suburb, anchored by a major train station and vibrant town centre. Known for its recent rapid growth and master-planned estates like Lakeside and Heritage Springs, it offers plentiful schools, retail, and services, supported by recent infrastructure investment and connectivity. Pakenham appeals strongly to families, renters, and investors looking for lifestyle with accessibility.
Recent sales and auction results in Pakenham
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 9 Birch Ct, Pakenham | 4 |  | House | Passed in Vendor Bid | 1/12/2025 | Ray White Pakenham | View |
| 4 Emily Cl, Pakenham | 4 |  | House | Auction Sale | 1/12/2025 | Ray White Pakenham | View |
| 13 Leigh Dr, Pakenham | 3 |  | House | Auction Sale | 1/12/2025 | Ray White Pakenham | View |
| 15 Adam Ct, Pakenham | 3 |  | House | Sold Before Auction | 30/11/2025 | Ray White Pakenham | View |
| 23 Carroll Wlk, Pakenham | 2 |  | House | Private Sale | 26/11/2025 | First National Real Estate Neilson Partners | View |
| 12 Mallee Cirt, Pakenham | 3 |  | House | Sold Before Auction | 23/11/2025 | Ray White Pakenham | View |
| 53/1 Malouf Ct, Pakenham | 2 |  | Unit | Private Sale | 19/11/2025 | First National Real Estate Neilson Partners | View |
| 67 Eagle Dr, Pakenham | 3 |  | House | Sold Before Auction | 10/11/2025 | Ray White Pakenham | View |
| 46 Irving Rd, Pakenham | 4 |  | House | Passed in at Auction | 5/12/2025 | Barry Plant | View |
| 11 Rica Rd, Pakenham | 5 | | House | Passed in Vendor Bid | 1/12/2025 | Ray White Pakenham | View |
| 2/1 Malouf Ct, Pakenham | 3 | | Townhouse | Private Sale | 24/11/2025 | First National Real Estate Neilson Partners | |
| 6 Michigan Grng, Pakenham | 3 | | House | Private Sale | 25/10/2025 | Linc Property | View |
Sales data
Median sale price
$710k
Quarterly price change
3.3%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Pakenham | Metro comparison |
|---|---|---|
| 2 | $504,000 | $910,000 |
| 3 | $632,750 | $830,000 |
| 4 | $735,000 | $951,500 |
| Insight | Pakenham | Metro comparison |
|---|---|---|
| Clearance rate | 87.5% | 81.4% |
| Days on market | 32 | 36 |
Rental data
Median weekly rent
$550
Rental yield
4.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Pakenham | Metro comparison |
|---|---|---|
| 2 | $470 | $580 |
| 3 | $530 | $550 |
| 4 | $590 | $600 |
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