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 | |
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 |