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Pakenham South, VIC 3810
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$700,000
list-price estimate
Median Unit
$435,000
Gross Yield (units)
6.2%
1yr Growth
-
Investment snapshot for Pakenham South
Pakenham South has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pakenham South market and investor summary
Pakenham South sits in VIC, postcode 3810. At 1.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking. Houses also take time to sell, around 245 days on market, so plan for a slower exit if you ever need one.
Living in Pakenham South: people, income and schools
About 229 people live in Pakenham South, a number that has held fairly steady over five years. The median age is 46, skewed a little older, and 70% of homes are owner-occupied.
Households here earn a median of about $90,000 a year, or roughly $1,730 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
It is roughly 59 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 229
- +6% over 5yr
- Median age
- 46 years
- Median household income
- $90,000/yr
- Households renting
- 24%
- Family households
- 84%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 5.5%
- Distance to CBD
- 59 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Pakenham South
View all →Frequently asked questions about Pakenham South
What should I check before investing in Pakenham South?
Pakenham South has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.2%, before expenses, tax and loan costs. Tight rental market (1.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Pakenham South?
The median property price in Pakenham South, VIC 3810 is $435K for units.
What rental yield does Pakenham South show?
The gross rental yield in Pakenham South is 6.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Pakenham South?
The current vacancy rate in Pakenham South is 1.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Pakenham South?
Pakenham South has a population of approximately 229 residents, with a median age of 46.
Is Pakenham South's population growing?
The population of Pakenham South has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Pakenham South from the CBD?
Pakenham South is about 59 km from the CBD.
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