With a capital gain of 13.08% for the last 12 months, Pakenham, 3810 has performed for property investments than its average annual 5.77% property growth over the last 5 years.
While Pakenham,3810 ranked number 236th in VIC for increase in median house value (annualised) increase, it is ranked 394th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.41% offered to property buyers. Sellers in Pakenham itself are offering an average vendor discount of -3.07% to real estate investors.
In the last year 1182 properties changed hands in Pakenham, which puts it as the 1st most active market in VIC when comparing the number of sales per suburb.
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 8.49%
Pakenham,3810 has offered an average of 8.49% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Pakenham is giving property investors an average Vendor Discount of around -2.26%. This puts suburb at number 291th in VIC when ranking the most discounted suburbs.
At number 229 in a list of fastest selling suburbs, Pakenham is in the TOP 20% of suburbs in Australia with an average of days on market 45.07 for properties listed there.
With the median price for a house in Pakenham being $320000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.88%