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
104 Sandalwood Dr, Pakenham4PriceHousePassed in at Auction15/05/2026Sultani Real EstateView
3/35-41 Henry St, Pakenham3PriceUnitPrivate Sale6/05/2026Stockdale & Leggo Pakenham
20 Jarrod Dr, Pakenham4PriceHousePrivate Sale4/05/2026Stellar Estate AgentsView
24 Bavaria La, Pakenham4PriceHousePrivate Sale3/05/2026First National Real Estate Neilson PartnersView
61 Annecy La, Pakenham3PriceTownhousePrivate Sale29/04/2026Stockdale & Leggo Pakenham
2 Glover Cl, Pakenham4PriceHousePrivate Sale22/04/2026Zed Real EstateView
156 Princes Hwy, Pakenham2PriceHousePrivate Sale21/04/2026First National Real Estate Neilson Partners
22 Heavenly Cr, Pakenham5PriceHousePrivate Sale14/04/2026Your Expert Real EstateView

Sales data

Median sale price
$745k
Quarterly price change
0.7%
Metro Melbourne Comparison
$992k
1.9%
BedroomsPakenhamMetro comparison
2$505,000$950,000
3$670,000$863,000
4$755,000$980,500
InsightPakenhamMetro comparison
Clearance rate35.7%74.9%
Days on market3037

Rental data

Median weekly rent
$550
Rental yield
4%
Metro Melbourne Comparison
$580
3.1%
BedroomsPakenhamMetro comparison
2$480$595
3$530$550
4$590$595
Median data for the current quarter
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