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Investment Property Pakenham, VIC, 3810

Suburb Snapshot

Pakenham is a suburb in the Cardinia Region of Victoria. Pakenham has a population of 46,420 people and 28.58% of its occupants live in rental accommodation. The median listing price for houses is $650,000 and this has changed 1.64% over the past year and changed 3.17% over 2 years.

The median rent in Pakenham for houses is $530 per week and the median rental yield is 4.24%. Stock on the market for houses/townhouses has changed 0.48% compared to last year and the average time to sell a house/townhouse is 92 days.The median listing price for units is $460,000 and this has changed 2.22% over the past year. The average unit takes 130 days to sell and the median rent for a unit in Pakenham is $450 per week, producing a rental yield of 5.08%.

Supply & Demand in Pakenham, Cardinia

0.87%

Current vacancy rate


192

Rental stock available


46,420

Population


28.58%

Rental population


0.76%

Current vacancy rate


384

Rental stock available


94,134

Population


20.94%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Pakenham, Cardinia

  House Townhouses Units
Median listing price $650,000 $500,000 $460,000
Median price change - last quarter 0.15% 0.00% 2.22%
Median price change - 1 year 1.64% 0.00% 2.22%
Median price change - 2 years 3.17% 0.00% 3.95%
  House Townhouses Units
Median weekly rent $530 $490 $450
Median yield % 4.24% 5.09% 5.08%
Median rent change - 1 year 10.41% 8.88% 12.50%
  House Units
Previous month sales 59 7
Stock on market previous month 417 18
Stock variance vs. last year 0.48% -33.33%
Average days on market 92 130

Pakenham investment property listings

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