Over the last year, property investments in Pakenham, 3810 have given investors a capital gain of 18.99%. This compares favourably with the 11.63% for VIC as a whole.
Over the longer term, Pakenham has seen property prices show investors a 34.29% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Pakenham should be aiming for at least -3.56% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.87%, without taking into account capital value appreciation, which has been averaging out at 6.45%.
At number 631th 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 7.55% recorded in median house prices.
Comparing Pakenham,3810 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -1.81% to buyers in Pakenham at the moment, which is less than average for the rest of VIC.