VIC has seen average median house prices change by 8.12% which means that Pakenham, 3810 has done well for property investors by showing a capital gain of 8.32% over the last year
Over the longer term, Pakenham has seen property prices show investors a 19.28% return over the last 3 years. This is worse than over the last 12 months
Pakenham3810 is located in VIC which offers an average discount of -6.00% to property investors. Pakenham itself is showing figures that indicate -3.10% is the average achievable by property buyers investing in the suburb.
Pakenham, 3810’s gross rental yield is 4.46%
Over the last year, property investments in Pakenham, 3810 have given investors a capital gain of 8.73%. This compares favourably with the 2.98% for VIC as a whole.
While Pakenham,3810 ranked number 129th in VIC for increase in median house value (annualised) increase, it is ranked 181th over the last 5 years.
Vendor discounting in Pakenham is giving property investors an average Vendor Discount of around -2.94%. This puts suburb at number 291th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 9.83 sales per month, which equates to 118 per year.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 3.39%, investors should hope to achieve an overall return of 4.94%