Pakenham House: Median price $355,750, Annual capital growth 4.50%, Number of sales 1013, Weekly median advertised rent $325.
Pakenham Unit: Median price $270,000, Annual capital growth 3.01%, Number of sales 125, Weekly median advertised rent $275.
At number 2426th in the list of Australian suburbs ordered by increase in median house value over the last year, Pakenham, 3810 is in the BOTTOM 50% with a property value increase of 3.12% recorded in median house prices.
A 7.80% growth in median value for property investors in Pakenham,3810 puts this suburb at number 486th in terms of best performing suburbs in VIC
Pakenham3810 is located in VIC which offers an average discount of -5.90% to property investors. Pakenham itself is showing figures that indicate -3.94% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Pakenham being $355750 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 4.75%
|Average Annual Growth||4.50%||3.01%|
|Weekly Median Advertised Rent||$325||$275|
|Number of Sales||1013||125|
|Gross Rental Yield||4.75%||5.30%|
|Days on market||58.52||72.97|
Source: Property Value by CoreLogic.