Pakenham, 3810 ranked 323th in VIC when comparing growth in median property values or capital gain over the last 12 months. Pakenham is one of 2098 in our list for VIC
When looking at the potential capital gains offered to property investors over the last 3 years, Pakenham comes in at number 395th in VIC.
Pakenham3810 is located in VIC which offers an average discount of -5.71% to property investors. Pakenham itself is showing figures that indicate -3.45% is the average achievable by property buyers investing in the suburb.
At number 380 in a list of fastest selling suburbs, Pakenham is in the TOP 20% of suburbs in Australia with an average of days on market 42.97 for properties listed there.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 5.64%, investors should hope to achieve an overall return of 4.21%
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 8.22%
A 17.04% growth in median value for property investors in Pakenham,3810 puts this suburb at number 151th in terms of best performing suburbs in VIC
The most recent median price for Pakenham is $316000, with sellers offering an average of -3.35% off the asking price.
Pakenham, 3810’s gross rental yield is 4.77%