Pakenham, VIC 3810

Pakenham, VIC 3810

Compare Part of Cardinia

54.98 km
Distance from CBD
15 k
Population
Median Sale Price
House
-
Updated on Jul 2023
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jul 2023
1 BR
-
2 BR
-
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$310,000
0.0% $300 $825,000 708
2010
$336,500
+7.9% $31,000 $1,453,000 1043
2011
$340,000
+1.0% $175,000 $1,310,000 755
2012
$335,000
-1.5% $220,000 $2,255,000 806
2013
$340,000
+1.5% $156,000 $1,100,000 939
2014
$355,000
+4.2% $185,000 $1,410,000 907
2015
$367,000
+3.3% $167,000 $1,900,000 960
2016
$400,000
+8.3% $1,000 $1,600,000 915
2017
$480,000
+16.7% $43,000 $3,500,000 1201
2018
$522,000
+8.0% $57,000 $1,650,000 1010
2019
$490,000
-6.5% $325,000 $1,500,000 797
2020
$530,000
+7.5% $300,000 $1,800,000 776
2021
$610,000
+13.1% $347,500 $2,500,000 1254
2022
$659,000
+7.4% $350,000 $5,825,000 1049
2023
$635,000
-3.8% $325,000 $1,240,000 632
Median Sale Price
$637K
Based on 837 recorded sales within the last 12 months
Updated on 25 Sep 2023
Suburb Growth
-2.4%
Current Median Price: $637,000
Previous Median Price: $652,000
Based on 2054 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2023)
Price Range Segments (12 months ending Aug 2023)
Median Weekly Rent Price
House
-
Updated on Jul 2023
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Jul 2023
1 BR
-
2 BR
-
3 BR
-
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$320
0.0% $230 $565 996
2012
$320
0.0% $195 $1,517 1136
2013
$320
0.0% $220 $1,300 1030
2014
$330
+3.0% $220 $2,000 721
2015
$340
+2.9% $240 $1,604 1296
2016
$350
+2.9% $255 $600 1056
2017
$360
+2.8% $250 $2,037 1246
2018
$365
+1.4% $190 $825 1089
2019
$360
-1.4% $175 $850 1167
2020
$370
+2.7% $220 $800 853
2021
$390
+5.1% $231 $700 797
2022
$430
+9.3% $268 $900 946
2023
$460
+6.5% $320 $1,000 514
Median Rent Price
$450
per week
Based on 765 recorded rent within the last 12 months
Updated on 25 Sep 2023
Rent Price Growth
+6.7%
Current Median Rent: $450
Previous Median Rent: $420
Based on 1684 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.7%
Current Median Price: $637,000
Current Median rent: $450
Based on 1602 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2023)

Auction Results For Pakenham

Houses sold in Last 12 months ends 23 Sep 2023

$639K

Median Sale Price

99%

Clearance Rate

425/430

Sold/Reported

$1.27M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.2 M - $1.4 M 1
$1 M - $1.2 M 3
$800 K - $1 M 48
$600 K - $800 K
(Median Price Range)
241
$400 K - $600 K 127
less than $400 K 2

Schools closest to Pakenham, VIC 3810

School name Address Type Sector Distance
Pakenham Hills Primary School 15 KENNEDY ROADPakenham 3810 Primary Government 1.78 km
St Patrick's Primary School 136 PRINCES HWYPakenham 3810 Primary Catholic 1.89 km