Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
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 | 962 |
| 2016 | $400,000 | +8.3% | $1,000 | $1,600,000 | 917 |
| 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 | $640,000 | -3.0% | $325,000 | $4,975,000 | 938 |
| 2024 | $656,000 | +2.4% | $355,000 | $2,550,000 | 972 |
Median Sale Price
$655K
Based on 980 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
+2.3%
Current Median Price: $655,000
Previous Median Price: $640,000
Based on 1920 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
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 | 722 |
| 2015 | $340 | +2.9% | $240 | $1,604 | 1296 |
| 2016 | $350 | +2.9% | $255 | $600 | 1056 |
| 2017 | $360 | +2.8% | $250 | $2,037 | 1247 |
| 2018 | $365 | +1.4% | $190 | $825 | 1091 |
| 2019 | $360 | -1.4% | $175 | $850 | 1168 |
| 2020 | $370 | +2.7% | $270 | $800 | 855 |
| 2021 | $390 | +5.1% | $231 | $700 | 799 |
| 2022 | $430 | +9.3% | $268 | $900 | 948 |
| 2023 | $480 | +10.4% | $320 | $1,000 | 828 |
| 2024 | $550 | +12.7% | $400 | $5,530 | 790 |
Median Rent Price
$550
per week
Based on 806 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+12.7%
Current Median Rent: $550
Previous Median Rent: $480
Based on 1626 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.4%
Current Median Price: $655,000
Current Median rent: $550
Based on 1786 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Pakenham
Houses sold in Last 12 months ends 21 Dec 2024
$631K
Median Sale Price
64%
Clearance Rate
16/25
Sold/Reported
$832K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M | 1 | |
| $600 K - $800 K (Median Price Range) | 10 | |
| $400 K - $600 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 |