Suburb

Market snapshot

Suburb insights for Pakenham3810

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Pakenham, 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
19 Harness Pl, Pakenham4PriceHousePrivate Sale8/09/2026Harcourts PakenhamView
9 Wakenshaw Cr, Pakenham3PriceHousePrivate Sale8/09/2026Harcourts PakenhamView
50 Superior Wtrs, Pakenham4PriceHousePrivate Sale24/08/2026Harcourts Pakenham
3 Edward Cl, Pakenham3PriceUnitPrivate Sale2/09/2026First National Real Estate Neilson PartnersView
13 Bluehills Blvd, Pakenham4PriceHousePrivate Sale14/08/2026First National Real Estate Neilson PartnersView
2/16-20 Honeysuckle Cl, Pakenham3PriceTownhousePrivate Sale14/08/2026First National Real Estate Neilson PartnersView

Sales data

Median sale price
$731k
Quarterly price change
-1.8%
Metro Melbourne Comparison
$953k
-3.1%
BedroomsPakenhamMetro comparison
2$505,000$950,000
3$680,000$872,000
4$770,500$990,000
InsightPakenhamMetro comparison
Clearance rate68.8%
Days on market3042

Rental data

Median weekly rent
$560
Rental yield
4%
Metro Melbourne Comparison
$580
3.1%
BedroomsPakenhamMetro comparison
2$495$600
3$540$560
4$590$600
Median data for the current quarter
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