With a capital gain of 7.29% for the last 12 months, Pakenham, 3810 has performed for property investments than its average annual 4.84% property growth over the last 5 years.
While Pakenham,3810 ranked number 396th in VIC for increase in median house value (annualised) increase, it is ranked 445th over the last 5 years.
Our latest figures would indicate that property sellers in Pakenham are currently offering property investors an average price cut of -3.17% below the asking price at the moment.
Residents and property investors in Pakenham have been waiting around 55.03 days to sell a property.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
VIC has seen average median house prices change by 3.19% which means that Pakenham, 3810 has done well for property investors by showing a capital gain of 7.14% over the last year
The five-year average increase in median property values for Pakenham,3810 has given property investors a potential capital gain of 11.11% across each of those five years.
Property buyers and investors in Pakenham 3810 should be seeing an average reduction in asking price of around -2.00% . This means that Pakenham is holding prices well when compared to other suburbs in VIC.
Pakenham, 3810’s gross rental yield is 5.03%