Pakenham is in the bottom 30% in VIC when comparing median price capital growth over the last year. Pakenham gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.91%.
Over the longer term, Pakenham has seen property prices show investors a 22.55% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Pakenham is $500000, with sellers offering an average of -7.02% off the asking price.
Residents and property investors in Pakenham have been waiting around 50.0442 days to sell a property.
With the median price for a house in Pakenham being $500000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.85%
Over the last year, property investments in Pakenham, 3810 have given investors a capital gain of -2.60%. This compares very badly with the 6.11% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pakenham has increased when compared to the 5 year average annual rate.
Pakenham3810 is located in VIC which offers an average discount of -5.98% to property investors. Pakenham itself is showing figures that indicate -6.99% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.
Pakenham, 3810’s gross rental yield is 4.71%