Median Sale Price
House
$520K
Updated on Dec 2020
2 BR $385K | 3 BR $485K | 4 BR $580K |
Unit
$398K
Updated on Dec 2020
1 BR - | 2 BR $361K | 3 BR $408K |
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 | $336,000 | +7.7% | $31,000 | $1,453,000 | 1043 |
| 2011 | $340,000 | +1.2% | $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 | $521,000 | +7.9% | $57,000 | $1,650,000 | 1010 |
| 2019 | $490,000 | -6.3% | $325,000 | $1,500,000 | 797 |
| 2020 | $530,000 | +7.5% | $300,000 | $1,800,000 | 774 |
| 2021 | $580,000 | +8.6% | $412,500 | $1,365,000 | 24 |
Median Sale Price
$530K
Based on 767 recorded sales within the last 12 months
Updated on 16 Jan 2021
Suburb Growth
+7.5%
Current Median Price: $530,000
Previous Median Price: $490,000
Based on 1570 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$360
Updated on Dec 2020
2 BR $320 | 3 BR $350 | 4 BR $390 |
Unit
$330
Updated on Dec 2020
1 BR $200 | 2 BR $310 | 3 BR $343 | 4 BR $360 |
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 | $325 | +1.5% | $220 | $2,000 | 721 |
| 2015 | $335 | +3.0% | $240 | $1,604 | 1295 |
| 2016 | $350 | +4.3% | $255 | $600 | 1056 |
| 2017 | $360 | +2.8% | $250 | $2,037 | 1245 |
| 2018 | $360 | 0.0% | $190 | $825 | 1085 |
| 2019 | $360 | 0.0% | $175 | $850 | 1158 |
| 2020 | $370 | +2.7% | $200 | $800 | 806 |
| 2021 | - | - | - | - | - |
Median Rent Price
$370
per week
Based on 759 recorded rent within the last 12 months
Updated on 16 Jan 2021
Rent Price Growth
+2.7%
Current Median Rent: $370
Previous Median Rent: $360
Based on 1918 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.6%
Current Median Price: $530,000
Current Median rent: $370
Based on 1526 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Pakenham
Houses sold in Last 12 months ends 9 Jan 2021
$560K
Median Sale Price
97%
Clearance Rate
201/209
Sold/Reported
$1.21M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.2 M - $1.4 M | 2 | |
| $1 M - $1.2 M | 2 | |
| $800 K - $1 M | 6 | |
| $600 K - $800 K | 56 | |
| $400 K - $600 K (Median Price Range) | 130 | |
Similar Suburbs to Pakenham 3810
Based on median house sale price sold in last 12 months
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 |