Pakenham, VIC 3810

Pakenham, VIC 3810

Compare Part of Cardinia

54.98 km
Distance from CBD
15 k
Population

Auction Times

Sat 1 May
Auction Time Agency
7 Lilliput Lane
5 3 4 House
10:30 AM
Sat 1st May
Ray White
Median Sale Price
House
$530K
Updated on Feb 2021
2 BR
$390K
3 BR
$490K
4 BR
$595K
Unit
$399K
Updated on Feb 2021
1 BR
-
2 BR
$380K
3 BR
$418K
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
$521,000
+7.9% $57,000 $1,650,000 1010
2019
$490,000
-6.3% $325,000 $1,500,000 797
2020
$530,000
+7.5% $300,000 $1,800,000 776
2021
$581,150
+8.8% $347,500 $1,365,000 292
Median Sale Price
$544K
Based on 840 recorded sales within the last 12 months
Updated on 20 Apr 2021
Suburb Growth
+6.9%
Current Median Price: $544,000
Previous Median Price: $506,200
Based on 1631 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2021)
Price Range Segments (12 months ending Mar 2021)
Median Weekly Rent Price
House
$370
Updated on Mar 2021
2 BR
$320
3 BR
$355
4 BR
$390
Unit
$330
Updated on Mar 2021
1 BR
$270
2 BR
$310
3 BR
$340
4 BR
$360
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
$325
+1.5% $220 $2,000 721
2015
$335
+3.0% $240 $1,604 1295
2016
$350
+4.3% $255 $600 1056
2017
$360
+2.8% $250 $2,037 1245
2018
$360
0.0% $190 $825 1086
2019
$360
0.0% $175 $850 1161
2020
$370
+2.7% $200 $800 835
2021
$380
+2.6% $250 $620 157
Median Rent Price
$370
per week
Based on 681 recorded rent within the last 12 months
Updated on 20 Apr 2021
Rent Price Growth
+2.7%
Current Median Rent: $370
Previous Median Rent: $360
Based on 1780 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.5%
Current Median Price: $544,000
Current Median rent: $370
Based on 1521 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2021)

Auction Results For Pakenham

Houses sold in Last 12 months ends 17 Apr 2021

$565K

Median Sale Price

99%

Clearance Rate

381/385

Sold/Reported

$1.35M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.2 M - $1.4 M 3
$1 M - $1.2 M 2
$800 K - $1 M 22
$600 K - $800 K 113
$400 K - $600 K
(Median Price Range)
233
less than $400 K 3

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