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Pakenham Upper, 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
$1,270,000
Gross Yield (houses)
2.0%
1yr Growth
-
Investment snapshot for Pakenham Upper
Pakenham Upper has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pakenham Upper market and investor summary
In Pakenham Upper, VIC 3810, houses show a gross rental yield of 2.0%. At 6.7% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 6.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 98 days on market, so plan for a slower exit if you ever need one.
Living in Pakenham Upper: people, income and schools
Pakenham Upper has a resident population of roughly 1,196, a number that has held fairly steady over five years. At a median age of 44, it reads as skewed a little older, and 94% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $135,000 a year (about $2,590 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.
Pakenham Upper sits about 52 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,196
- +6% over 5yr
- Median age
- 44 years
- Median household income
- $135,000/yr
- Households renting
- 3%
- Family households
- 84%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 5.5%
- Distance to CBD
- 52 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 Upper
View all →Frequently asked questions about Pakenham Upper
What should I check before investing in Pakenham Upper?
Pakenham Upper has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Pakenham Upper?
The median property price in Pakenham Upper, VIC 3810 is $1.3M for units.
What rental yield does Pakenham Upper show?
The gross rental yield in Pakenham Upper is 2.0% for houses and 2.1% 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 Upper?
The current vacancy rate in Pakenham Upper is 6.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Pakenham Upper?
Pakenham Upper has a population of approximately 1,196 residents, with a median age of 44.
Is Pakenham Upper's population growing?
The population of Pakenham Upper 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 Upper from the CBD?
Pakenham Upper is about 52 km from the CBD.
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