Market snapshot
Suburb insights for Pakenham3810
Change suburbPakenham 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 and auction results in Pakenham
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 5 Tamar St, Pakenham | 3 |  | House (Res) | Private Sale | 10/07/2024 | Harcourts Pakenham | View |
| 1/5 Thomas St, Pakenham | 3 |  | House (Res) | Private Sale | 29/05/2024 | Milestone Real Estate - CRANBOURNE | View |
Sales data
Median sale price
$680k
Quarterly price change
2.5%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Pakenham | Metro comparison |
|---|---|---|
| 2 | $460,000 | $902,500 |
| 3 | $610,000 | $810,000 |
| 4 | $708,750 | $955,000 |
| Insight | Pakenham | Metro comparison |
|---|---|---|
| Clearance rate | 80% | 73.8% |
| Days on market | 32 | 42 |
Rental data
Median weekly rent
$500
Rental yield
3.9%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Pakenham | Metro comparison |
|---|---|---|
| 2 | $430 | $550 |
| 3 | $480 | $540 |
| 4 | $550 | $580 |
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