Pakenham, VIC 3810

Pakenham, VIC 3810

Compare Part of Cardinia

54.98 km
Distance from CBD
15 k
Population

Auction Times

Sat 2 Jul
Auction Time Agency
57 Oaklands Way
3 2 2 House
2:00 PM
Sat 2nd Jul
Barry Plant
Sun 10 Jul
Auction Time Agency
17 Botham Crescent
4 2 2 House
11:30 AM
Sun 10th Jul
O'Brien Real Estate
Median Sale Price
House
$635K
Updated on May 2022
2 BR
$530K
3 BR
$600K
4 BR
$683K
Unit
$453K
Updated on May 2022
1 BR
-
2 BR
$425K
3 BR
$470K
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
$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 1253
2022
$661,000
+7.7% $350,000 $5,825,000 564
Median Sale Price
$645K
Based on 1233 recorded sales within the last 12 months
Updated on 27 Jun 2022
Suburb Growth
+11.6%
Current Median Price: $645,000
Previous Median Price: $570,000
Based on 2231 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$395
Updated on May 2022
2 BR
$340
3 BR
$380
4 BR
$440
Unit
$350
Updated on May 2022
1 BR
$320
2 BR
$330
3 BR
$370
4 BR
$380
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 1088
2019
$360
-1.4% $175 $850 1165
2020
$370
+2.7% $200 $800 851
2021
$390
+5.1% $231 $700 792
2022
$410
+4.9% $315 $900 399
Median Rent Price
$400
per week
Based on 840 recorded rent within the last 12 months
Updated on 27 Jun 2022
Rent Price Growth
+5.0%
Current Median Rent: $400
Previous Median Rent: $380
Based on 1547 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.2%
Current Median Price: $645,000
Current Median rent: $400
Based on 2073 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)

Auction Results For Pakenham

Houses sold in Last 12 months ends 25 Jun 2022

$645K

Median Sale Price

100%

Clearance Rate

914/917

Sold/Reported

$2.1M

Highest Sale Price

Sold Price Range No. of Sold Properties
$2 M - $3 M 1
$1.8 M - $2 M 1
$1.6 M - $1.8 M 2
$1.4 M - $1.6 M 2
$1.2 M - $1.4 M 4
$1 M - $1.2 M 15
$800 K - $1 M 88
$600 K - $800 K
(Median Price Range)
539
$400 K - $600 K 257
less than $400 K 4

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