If you compare the increase in value of investment property in Pakenham, 3810 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.04%.
Across a shorter period, Pakenham, 3810 has seen a median price increase of 1.33% over the last quarter.
Our latest figures would indicate that property sellers in Pakenham are currently offering property investors an average price cut of -3.22% below the asking price at the moment.
Advertised rents are around the $335 mark per week – giving a return of 4.58% based on the median price in Suburb
Pakenham is in the TOP 30% in VIC when comparing median price capital growth over the last year. Pakenham gave property investors a good capital gain figure when compared to the rest of the state, with 10.00%.
While Pakenham,3810 ranked number 152th in VIC for increase in median house value (annualised) increase, it is ranked 242th over the last 5 years.
The most recent median price for Pakenham is $288750, with sellers offering an average of -2.07% off the asking price.
Property investors should expect to get $285 weekly from the median priced house in this suburb.