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Pakenham, VIC 3810
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$720,000
market range $675K-$800K
Median Unit
$560,000
market range $525K-$600K
Gross Yield (units)
4.7%
1yr Growth (houses)
+7.6%
market range +0.0% to +12.5%
Investment snapshot for Pakenham
Pakenham has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Pakenham market and investor summary
In Pakenham, VIC 3810, the median house sells for around $720K. House prices have moved +7.6% over the past year and +12.5% over three years. At 1.7% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking.
Living in Pakenham: people, income and schools
Pakenham has a resident population of roughly 54,118, a number that has held fairly steady over five years. At a median age of 33, it reads as broadly working-age, and families account for 76% of households.
The typical household income runs to around $87,000 a year (about $1,660 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to about 8.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 15 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Pakenham sits about 55 km from the CBD. It is fairly car-dependent; the suburb scores 42 for walkability and 95 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 54,118
- +6% over 5yr
- Median age
- 33 years
- Median household income
- $87,000/yr
- Households renting
- 31%
- Family households
- 76%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 15
- avg ICSEA 995
- Unemployment
- 5.5%
- Distance to CBD
- 55 km
- Walk score
- 42/100
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
View all →Frequently asked questions about Pakenham
What should I check before investing in Pakenham?
Pakenham has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +7.6% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Pakenham?
The median property price in Pakenham, VIC 3810 is $720K for houses and $560K for units.
What rental yield does Pakenham show?
The gross rental yield in Pakenham is 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Pakenham?
House prices in Pakenham are up 7.6% over the past year and up 12.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Pakenham?
The current vacancy rate in Pakenham is 1.7%. 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?
Pakenham has a population of approximately 54,118 residents, with a median age of 33.
What schools are near Pakenham?
There are 15 schools within roughly 5km of Pakenham. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Pakenham affordable to buy in?
A median house in Pakenham costs about 8.3 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Pakenham's population growing?
The population of Pakenham 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 from the CBD?
Pakenham is about 55 km from the CBD.
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