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 | |
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 |