Market snapshot

Suburb insights for Pakenham3810

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Pakenham is located 54 km south-east of the CBD. Pakenham has been one of the fastest growing suburbs in Melbourne over the last twenty years. It has been one of the major areas of new residential development in the south-east growth corridor and it is expected to increase substantially in the future. The suburb incorporates large tracts of productive agricultural land to the south and undulating terrain in the north. Pakenham is also the home of the operations centre of the Cardinia council.

Recent sales and auction results in Pakenham

AddressBedroomsPriceTypeMethodSale DateAgentListing
7 Wisteria Ct, Pakenham4PriceHouse (Res)Private Sale11/03/2025Harcourts PakenhamView
12 Sun Orchid Dr, Pakenham6PriceHouse (Res)Passed in Vendor Bid28/03/2025LJ Hooker DandenongView

Sales data

Median sale price
$670k
Quarterly price change
3.1%
Metro Melbourne Comparison
$923k
2.7%
BedroomsPakenhamMetro comparison
2$475,000$881,200
3$615,000$810,000
4$719,500$942,350
InsightPakenhamMetro comparison
Clearance rate78.5%
Days on market3542

Rental data

Median weekly rent
$550
Rental yield
4.3%
Metro Melbourne Comparison
$580
3.3%
BedroomsPakenhamMetro comparison
2$470$580
3$520$550
4$580$600
Median data for the current quarter
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