Market snapshot
Suburb insights for Pakenham3810
Change suburbPakenham, approximately 53 km southeast of the CBD, is Cardinia’s largest and most developed suburb, anchored by a major train station and vibrant town centre. Known for its recent rapid growth and master-planned estates like Lakeside and Heritage Springs, it offers plentiful schools, retail, and services, supported by recent infrastructure investment and connectivity. Pakenham appeals strongly to families, renters, and investors looking for lifestyle with accessibility.
Recent sales and auction results in Pakenham
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 46 Ashwood Gr, Pakenham | 4 |  | House | Passed in Vendor Bid | 11/09/2026 | Global Property Enterprises | View |
| 156 Princes Hwy, Pakenham | 2 |  | House | Private Sale | 30/08/2026 | First National Real Estate Neilson Partners | |
| 8 Sunnybank Way, Pakenham | 3 |  | House | Private Sale | 20/08/2026 | Harcourts Pakenham | View |
Sales data
Median sale price
$731k
Quarterly price change
-1.8%
Metro Melbourne Comparison
$953k
-3.1%
| Bedrooms | Pakenham | Metro comparison |
|---|---|---|
| 2 | $505,000 | $950,000 |
| 3 | $680,000 | $872,000 |
| 4 | $770,500 | $990,000 |
| Insight | Pakenham | Metro comparison |
|---|---|---|
| Clearance rate | 68.8% | |
| Days on market | 30 | 42 |
Rental data
Median weekly rent
$560
Rental yield
4%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Pakenham | Metro comparison |
|---|---|---|
| 2 | $495 | $600 |
| 3 | $540 | $560 |
| 4 | $590 | $600 |
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