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.

Recent Sales & Auction Results in Pakenham

Address Price Type Method Sale Date Agent
Property List
10/11 Hawk Av, Pakenham 3 House (Res) Auction Sale 19/10/2019 My Agent Real Estate

Median data for September 2019 Quarter. Click here for details.

Median Sale Price

$500k

Metro Melbourne

$830k

Quarterly Price Change

3.2%

Metro Melbourne

4.5%

Median Rent

$360

Metro Melbourne

$451

Rental Yield

3.8%

Metro Melbourne

2.9%

Detailed statistics below to be updated soon for the September 2019 quarter.

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 78.3%
Days on Market 45 33
Median price by Bedrooms Suburb Metro
2 Bedrooms $390,000 $845,000
3 Bedrooms $463,000 $720,000
4 Bedrooms $540,000 $853,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $305 $500
3 Bedrooms $350 $430
4 Bedrooms $385 $480

Median data for September 2019 Quarter. Click here for details.

Median Sale Price

$375k

Metro Melbourne

$614k

Quarterly Price Change

2%

Metro Melbourne

3.9%

Median Rent

$320

Metro Melbourne

$430

Rental Yield

4.6%

Metro Melbourne

3.8%

Detailed statistics below to be updated soon for the September 2019 quarter.

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 78.3%
Days on Market 45 33
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $364,500
2 Bedrooms $359,000 $560,000
3 Bedrooms $395,000 $750,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $370
2 Bedrooms $305 $445
3 Bedrooms $330 $530

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