Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | $660,000 | +3.0% | $355,000 | $2,550,000 | 842 |
Median Sale Price
$657K
Based on 946 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
+2.6%
Current Median Price: $657,000
Previous Median Price: $640,000
Based on 1867 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | $2,390 | 708 |
Median Rent Price
$550
per week
Based on 818 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+13.6%
Current Median Rent: $550
Previous Median Rent: $475
Based on 1607 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.4%
Current Median Price: $657,000
Current Median rent: $550
Based on 1764 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Pakenham
Houses sold in Last 12 months ends 16 Nov 2024
$640K
Median Sale Price
67%
Clearance Rate
14/21
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) | 9 | |
| $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 |