Pakenham, VIC 3810

Pakenham, VIC 3810

Compare Part of Cardinia

54.98 km
Distance from CBD
15 k
Population

Auction Times

Sat 3 Jul
Auction Time Agency
7 Dugan Court
4 2 2 House
10:00 AM
Sat 3rd Jul
Ray White
Median Sale Price
House
$545K
Updated on Apr 2021
2 BR
$405K
3 BR
$507K
4 BR
$605K
Unit
$399K
Updated on Apr 2021
1 BR
-
2 BR
$380K
3 BR
$420K
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 $1,800,000 776
2021
$595,000
+10.9% $347,500 $2,201,000 502
Median Sale Price
$565K
Based on 928 recorded sales within the last 12 months
Updated on 24 Jun 2021
Suburb Growth
+9.7%
Current Median Price: $565,000
Previous Median Price: $510,000
Based on 1712 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2021)
Price Range Segments (12 months ending May 2021)
Median Weekly Rent Price
House
$370
Updated on May 2021
2 BR
$320
3 BR
$360
4 BR
$400
Unit
$340
Updated on May 2021
1 BR
$330
2 BR
$320
3 BR
$345
4 BR
$370
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 1296
2016
$350
+4.3% $255 $600 1056
2017
$360
+2.8% $250 $2,037 1246
2018
$360
0.0% $190 $825 1086
2019
$360
0.0% $175 $850 1163
2020
$370
+2.7% $200 $800 838
2021
$380
+2.6% $231 $620 272
Median Rent Price
$380
per week
Based on 628 recorded rent within the last 12 months
Updated on 24 Jun 2021
Rent Price Growth
+3.9%
Current Median Rent: $380
Previous Median Rent: $365
Based on 1685 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.5%
Current Median Price: $565,000
Current Median rent: $380
Based on 1556 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2021)

Auction Results For Pakenham

Houses sold in Last 12 months ends 19 Jun 2021

$580K

Median Sale Price

99%

Clearance Rate

563/571

Sold/Reported

$2.2M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M 1
$1.2 M - $1.4 M 5
$1 M - $1.2 M 3
$800 K - $1 M 34
$600 K - $800 K 190
$400 K - $600 K
(Median Price Range)
319
less than $400 K 5

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