If you compare the increase in value of investment property in Pakenham, 3810 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.08%.
The five-year average increase in median property values for Pakenham,3810 has given property investors a potential capital gain of 16.03% across each of those five years.
Vendor discounting in Pakenham is giving property investors an average Vendor Discount of around -3.08%. This puts suburb at number 568th in VIC when ranking the most discounted suburbs.
Pakenham is 187th on a list of best yielding suburbs for rents in VIC with a 4.48% return
VIC has seen average median house prices change by 3.11% which means that Pakenham, 3810 has done well for property investors by showing a capital gain of 7.14% over the last year
Comparing Pakenham,3810 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Pakenham, 3810 is offering VIC ‘s 303th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
On average over the past year, suburb has had 10.08 sales per month, which equates to 121 per year.
Situated 52.55km from the CBD, Pakenham is one of Cardinia localities in the postcode 3810.