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 15.64%
Pakenham,3810 was ranked 727 in Australia by increase in median property value over the quarter.
Vendor discounting in Pakenham is giving property investors an average Vendor Discount of around -3.35%. This puts suburb at number 512th in VIC when ranking the most discounted suburbs.
At number 269 in a list of fastest selling suburbs, Pakenham is in the TOP 10% of suburbs in Australia with an average of days on market 35.28 for properties listed there.
Pakenham, 3810’s gross rental yield is 4.04%
At number 583th in the list of Australian suburbs ordered by increase in median house value over the last year, Pakenham, 3810 is in the top 40% with a property value increase of 8.33% recorded in median house prices.
Over the longer term, Pakenham has seen property prices show investors a 18.18% return over the last 3 years. This is worse than over the last 12 months
At number 291th of VIC’s most discounted properties, Pakenham is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $300 weekly from the median priced house in this suburb.