Suburb Profile Report for Pakenham VIC (3810)

Pakenham House: Median price $420,000, Annual capital growth 5.64%, Number of sales 1153, Weekly median advertised rent $340

Pakenham Unit: Median price $316,000, Annual capital growth 3.89%, Number of sales 144, Weekly median advertised rent $290

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Pakenham, 3810 ranked 323th in VIC when comparing growth in median property values or capital gain over the last 12 months. Pakenham is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Pakenham comes in at number 395th in VIC.

Pakenham3810 is located in VIC which offers an average discount of -5.71% to property investors. Pakenham itself is showing figures that indicate -3.45% is the average achievable by property buyers investing in the suburb.

At number 380 in a list of fastest selling suburbs, Pakenham is in the TOP 20% of suburbs in Australia with an average of days on market 42.97 for properties listed there.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 5.64%, investors should hope to achieve an overall return of 4.21%

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 8.22%

A 17.04% growth in median value for property investors in Pakenham,3810 puts this suburb at number 151th in terms of best performing suburbs in VIC

The most recent median price for Pakenham is $316000, with sellers offering an average of -3.35% off the asking price.

Pakenham, 3810’s gross rental yield is 4.77%

Metrics i HOUSE UNIT
$420,000 $316,000
3.70% 1.94%
10.53% 8.22%
5.64% 3.89%
$340 $290
1153 144
4.21% 4.77%
42.97 53.66

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 33998
Median household income ($/weekly) 1229
Median age of persons 30
Median housing loan repayment ($/monthly) 1777
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 3526 10.4
    5-14 years 5048 14.8
    25-34 years 6279 18.5
    35-44 years 5098 15.0
    45-54 years 3438 10.1
    Others 10610 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 11322 48.1
    Not Married 8868 37.7
    Defacto Relationship 3337 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 25904 79.9
    Indonesia 414 1.3
    Papua New Guinea 792 2.4
    United Kingdom 2012 6.2
    Other 1190 3.7
    Others 2100 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 436 1.4
    Christianity 19608 63.7
    Islam 316 1.0
    Other Religious Groups 273 0.9
    No Religion 9841 32.0
    Others 295 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1080 10.1
    $1,000-$1,249 1191 11.1
    $1,250-$1,499 1124 10.5
    $1,500-$1,999 1719 16.1
    $2,000-$2,499 1228 11.5
    Others 4347 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 10719 44.2
    Not in the labour force 7484 30.9
    Employed, worked part-time 4257 17.5
    Unemployed, looking for work 926 3.8
    Employed, away from work 872 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2051 12.9
    Technicians & trades workers 2928 18.5
    Clerical & administrative workers 2410 15.2
    Sales 1756 11.1
    Labourers 1839 11.6
    Others 4863 30.7
    Occupation
    Census Count Percent(%)
    Pre-school 836 10.4
    Infants/Primary 3239 40.1
    Secondary 2033 25.2
    Technical or Further Educational Institution 894 11.1
    University or other Tertiary Institutions 704 8.7
    Others 369 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 29830 92.3
    Semi-detached, row or terrace house, townhouse 1437 4.4
    Flat, unit or apartment 989 3.1
    Caravan, cabin, houseboat 74 0.2
    House or flat attached to a shop, office 6 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5726 49.6
    Rented 3373 29.2
    Fully owned 2233 19.4
    Other tenure type 206 1.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals