Pakenham, VIC 3810

Pakenham, VIC 3810

Compare Part of Cardinia

54.98 km
Distance from CBD
15 k
Population

Auction Times

Sat 29 Feb
Auction Time Agency
9 Streeton Court
4 2 2 House
11:00 AM
Sat 29th Feb
Ray White
Median Sale Price
House
$486K
Updated on Jan 2020
2 BR
$400K
3 BR
$450K
4 BR
$530K
Unit
$365K
Updated on Jan 2020
1 BR
-
2 BR
$350K
3 BR
$387K
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% $385,000 $1,268,000 100
Median Sale Price
$496K
Based on 788 recorded sales within the last 12 months
Updated on 24 Feb 2020
Suburb Growth
-4.8%
Current Median Price: $496,100
Previous Median Price: $520,000
Based on 1763 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$360
Updated on Jan 2020
2 BR
$315
3 BR
$350
4 BR
$390
Unit
$325
Updated on Jan 2020
2 BR
$310
3 BR
$340
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 1244
2018
$360
0.0% $190 $825 1084
2019
$360
0.0% $175 $850 1147
2020
$370
+2.7% $285 $480 75
Median Rent Price
$360
per week
Based on 1033 recorded rent within the last 12 months
Updated on 24 Feb 2020
Rent Price Growth
0.0%
Current Median Rent: $360
Previous Median Rent: $360
Based on 2147 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.8%
Current Median Price: $496,100
Current Median rent: $360
Based on 1821 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)

Auction Results For Pakenham

Houses sold in Last 12 months ends 22 Feb 2020

$484K

Median Sale Price

94%

Clearance Rate

261/279

Sold/Reported

$920K

Highest Sale Price

Sold Price Range No. of Sold Properties
$800 K - $1 M 3
$600 K - $800 K 28
$400 K - $600 K
(Median Price Range)
178
less than $400 K 21

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