With a capital gain of -5.77% for the last 12 months, Pakenham, 3810 has performed for property investments than its average annual 5.84% property growth over the last 5 years.
A 42.03% growth in median value for property investors in Pakenham,3810 puts this suburb at number 538th in terms of best performing suburbs in VIC
Vendor discounting in Pakenham is giving property investors an average Vendor Discount of around -7.66%. This puts suburb at number 185th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 73.67 sales per month, which equates to 884 per year.
Pakenham has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.95% to date .
Over the longer term, Pakenham has seen property prices show investors a 21.67% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Pakenham 3810 should be seeing an average reduction in asking price of around -7.51% . This means that Pakenham is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.93%, investors should hope to achieve an overall return of 4.70%