Investment property in Pakenham has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.38%
Pakenham,3810 has offered an average of 8.38% return per annum in house price rises to property investors over the last three years.
Pakenham, 3810 is offering VIC ‘s 557th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
At number 823 in a list of fastest selling suburbs, Pakenham is in the TOP 30% of suburbs in Australia with an average of days on market 56.7 for properties listed there.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
With a capital gain of 7.45% for the last 12 months, Pakenham, 3810 has performed for property investments than its average annual 2.94% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Pakenham,3810 has racked up an average of 7.45% over the period. This ranks it number 984th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Pakenham itself are offering an average vendor discount of -2.18% to real estate investors.
Advertised rents are around the $286 mark per week – giving a return of 5.03% based on the median price in Suburb