Property value increases in Pakenham have tracked close to the VIC average of 8.96% over the last 12 months.
A 20.77% growth in median value for property investors in Pakenham,3810 puts this suburb at number 310th in terms of best performing suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Pakenham, 3810. Typically our figures indicate that -3.27% is being offered, which puts this VIC suburb at 3506th most discounted overall in Australia.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 5.29%.
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 7.36%
While Pakenham,3810 ranked number 196th in VIC for increase in median house value (annualised) increase, it is ranked 193th over the last 5 years.
Pakenham3810 is located in VIC which offers an average discount of -5.07% to property investors. Pakenham itself is showing figures that indicate -3.08% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 11.08 sales per month, which equates to 133 per year.
The VIC suburb of Pakenham, 3810 is in the Cardinia local government area.