With a capital gain of 8.11% for the last 12 months, Pakenham, 3810 has performed for property investments than its average annual 5.02% property growth over the last 5 years.
Pakenham,3810 was ranked 1582 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -3.07% to buyers in Pakenham at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
Property value increases in Pakenham have tracked just higher than the VIC average of 3.49% over the last 12 months.
Taking the average capital gain, or increase in median house value, Pakenham,3810 has racked up an average of 8.77% over the period. This ranks it number 836th in the whole country for real estate investors looking at median house price increases.
Pakenham3810 is located in VIC which offers an average discount of -5.13% to property investors. Pakenham itself is showing figures that indicate -3.10% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $290 mark per week – giving a return of 4.86% based on the median price in Suburb