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.

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Recent Sales & Auction Results in Pakenham

Address Price Type Method Sale Date Agent
Property List
3 Shirley St, Pakenham 5 House (Res) Auction Sale 02/12/2023 Biggin & Scott Glen Waverley
3 Corvara Way, Pakenham 6 House Private Sale 27/11/2023 Biggin & Scott Glen Waverley
13 Josephine St, Pakenham 3 House (Res) Private Sale 20/11/2023 Stockdale & Leggo Pakenham

Median data for September Quarter 2023. Click here for details.

Median Sale Price

$640k

Metro Melbourne

$934k

Quarterly Price Change

2.4%

Metro Melbourne

-0.2%

Median Rent

$460

Metro Melbourne

$530

Rental Yield

3.7%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.2%
Days on Market 28.5 36
Median price by Bedrooms Suburb Metro
2 Bedrooms $450,000 $922,000
3 Bedrooms $595,000 $825,000
4 Bedrooms $700,000 $1,000,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $395 $520
3 Bedrooms $440 $500
4 Bedrooms $500 $550

Median data for September Quarter 2023. Click here for details.

Median Sale Price

$483k

Metro Melbourne

$634k

Quarterly Price Change

0.4%

Metro Melbourne

1%

Median Rent

$400

Metro Melbourne

$480

Rental Yield

4.3%

Metro Melbourne

4%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.2%
Days on Market 28.5 36
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $365,000
2 Bedrooms $445,000 $595,000
3 Bedrooms $495,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $400
2 Bedrooms $388 $495
3 Bedrooms $420 $580

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