Real Estate Pakenham Vic 3810

Pakenham: Horse racing, golfing, and basketball.

Housing Market in Pakenham

Key Pakenham Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$568	Bottom 46%	184% to Dec 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Pakenham

Pakenham Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Development applications	40.7	Top 20%	to Jun 2025
Developments	0.0	Bottom 10%	Data for Jul 2023
Housing Stock Quality Indicator	40.2	Top 17%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	4 lots	Bottom 49%	100% to Apr 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	110	Top 1%	478% to Dec 2025

Housing Stock Quality in Pakenham

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	86.7%	Bottom 17%	2% to Jan 2021
Average bedrooms - all homes	2.8	Top 23%	1% to Jan 2021
NBN connection: fibreoptic cable to node	26.0%	Top 11%	Data for Jun 2023

Development Restrictions in Pakenham

Pakenham Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Melbourne	Trend
Total area	41.0 sq km	Top 25%	20% to Jan 2021
Heritage overlay total area	0.8 sq km	Top 14%	Data for Jun 2023
Residential density	608 sqm per resident	Bottom 34%	46% to Jan 2021

Risk in Pakenham

Pakenham Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
% Owner Occupied	74.9%	Bottom 10%	0 to May 2023
% Rentals	25.1%	Top 10%	0% to May 2023
Housing Affordability Index	38	Top 33%	Data for Jun 2023
Median monthly mortgage	$2,130	Top 39%	25% to May 2023
Rent Affordability Index (Houses)	79	Top 44%	Data for Jun 2023
Rent Affordability Index (Units)	72	Bottom 30%	Data for Jun 2023
Mortgage as a percent of income	23.9%	Top 40%	7% to Jan 2021
Mortgaged Dwellings	55.4%	Top 12%	17% to May 2023

Housing Demand in Pakenham

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Field	Value	VS Melbourne	Trend
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	28200	Top 4%	3% to Dec 2036
Historical Population (SA3)	127000	Top 16%	170% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	167000	Top 10%	257% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Pakenham

Pakenham Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$494	Top 36%	149% to Dec 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	78.4%	Top 28%	22% to Dec 2025

Realtors (11)

Headline	Place	Datetime
Barry Plant Pakenham	28 Southeast Blvd
Barry Plant Real Estate	10 Station St
CENTURY 21 South Eastern	103 Main St
Elders Real Estate	1140 Koo Wee Rup Rd
Gerard Collins (Real Estate) Pty Ltd	119 Main St

Accommodation Options (1)

Headline	Place	Datetime
Orchard Cottage	485 Toomuc Valley Rd

Median Unit Sale Prices by Street (49)

Date	Median sale value	Street
06 Dec 2025	$602,600	Acacia Ct
06 Dec 2025	$532,600	Ahern Rd
06 Dec 2025	$516,500	Army Rd
06 Dec 2025	$645,600	Bate Cl
06 Dec 2025	$492,300	Ben Dr

LGA Details (1)

Headline	Place	Datetime
Local government area	Cardinia

Median House Rental Prices by Street (100)

Street	Date	Median rent (per week)
Everly Cct	06 Dec 2025	$624
Fallingwater Dr	06 Dec 2025	$578
Fairywren St	06 Dec 2025	$609
Expedition Cct	06 Dec 2025	$568
Gertrude Ln	06 Dec 2025	$521

Planning Applications: Other (42)

Headline	Place	Date
Use of the land for Retail Premises (Motor vehicle and Caravan sales – Car sales) and a waiver to the bicycle parking requirement - Cardinia Shire Council T250486	79 Bald Hill Road, Pakenham, VIC	29 Nov 2025
Use and Development of the land for a Child Care Centre, alteration of access to a road in a Transport Zone 2 and removal of canopy trees - Cardinia Shire Council T250559	200-204 Princes Hwy, Pakenham, VIC	27 Nov 2025
Amendment of the Permit under Section 72, to: - Allow use of land for Materials Recycling (Car Wrecking) under Clause 33.01-1; & - Amend the endorsed plans. - Cardinia Shire Council T120355-1	33 Sharnet Circuit, Pakenham 3810, VIC	29 Oct 2025
Use of the land for Materials Recycling (Waste tyre recycling) and variation of restrictive Covenant AU646465E - Cardinia Shire Council T240350	13 Sette Circuit Pakenham, VIC	11 Oct 2025
Use and Development of Land for the Purpose of Seven (7) Restricted Retail Premises and Ancillary Office, Construction of a Warehouse, Reduction in Car Parking Requirements and a Variation of the Bicycle Requirements of Clause 52.34 - Cardinia Shire Council T250327	57 & 59 Southeast Boulevard, Pakenham, VIC	02 Oct 2025

Planning Applications: Dwellings (56)

Headline	Place	Date
Amendment to Planning Permit T220399 (issued for ‘Development of the land for thirteen (13) dwellings’) to amend conditions of permit and to amend assessed plans for endorsement. - Cardinia Shire Council T220399-1	56 Ahern Road, Pakenham, VIC	27 Nov 2025
Construct or put up for display an electronic and major promotion sign - Cardinia Shire Council T250433	Fy 1/1265 Koo Wee Rup Road Pakenham , VIC	29 Oct 2025
Use and Development of Land for the Purpose of Seven (7) Restricted Retail Premises and Ancillary Office, Construction of a Warehouse, Reduction in Car Parking Requirements and a Variation of the Bicycle Requirements of Clause 52.34 - Cardinia Shire Council T250327	57 & 59 Southeast Boulevard, Pakenham, VIC	02 Oct 2025
Buildings and works for the construction of a second dwelling, and subdivision of the land into two (2) lots - Cardinia Shire Council T250342	35 Cameron Way, Pakenham, VIC	13 Sep 2025
Use and Development of Land for the Purpose of a Small Second Dwelling - Cardinia Shire Council T250295	310 Pakenham Road Pakenham, VIC	04 Sep 2025

Planning Applications: Industrial (2)

Headline	Place	Date
Use and Development of Land for the Purpose of Seven (7) Restricted Retail Premises and Ancillary Office, Construction of a Warehouse, Reduction in Car Parking Requirements and a Variation of the Bicycle Requirements of Clause 52.34 - Cardinia Shire Council T250327	57 & 59 Southeast Boulevard, Pakenham, VIC	02 Oct 2025
Use and Development of Land for the Purpose of Warehouses and Stores and associated Reduction in Car Parking - Cardinia Shire Council T220656	22 Purton Road, Pakenham, VIC	11 Sep 2023

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Abrehart Rd	06 Dec 2025	$784,600
Adam Ct	06 Dec 2025	$714,100
Adrian Dr	06 Dec 2025	$718,900
Ahern Rd	06 Dec 2025	$691,500
Ann Cr	06 Dec 2025	$663,900

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
134.7%	Windermere Bvd	very high turnover	Every 7.4 years (very high turnover)	2025
120.0%	Bentley Ct	very high turnover	Every 8.3 years (very high turnover)	2025
76.0%	Moore Mews	average turnover	Every 13.2 years (average turnover)	2025
61.7%	Dunbarton Dr	quite tightly held	Every 16.2 years (quite tightly held)	2025
136.4%	Sherriff Rise	very high turnover	Every 7.3 years (very high turnover)	2025

Businesses (100)

Name	Address
G.J. Gardner Homes	17 John St, Pakenham VIC 3810, Australia
Cheviot Homes Pty.Ltd	16 Embrey Ct, Pakenham VIC 3810, Australia
Insight Construction Group Pty Ltd	10 Venture Way, Pakenham VIC 3810, Australia
Simonds Homes Worthington Estate	Worthington Blvd, Pakenham VIC 3810, Australia
Star House Australia	94 Bald Hill Rd, Pakenham VIC 3810, Australia

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
35 Summerhill Dr	$770,000	4.0	2.0	2.0	05 Dec 2025	On Market
151 Pakenham Rd	$750,000	3.0	1.0		05 Dec 2025	On Market
9 Huron Parkway	Price Withheld	4.0	2.0	2.0	04 Dec 2025	On Market
4 Suzanne Ct	$801,000	3.0	2.0	4.0	04 Dec 2025	On Market
14 Sandalwood Dr	$650,000	3.0	2.0	2.0	04 Dec 2025	On Market

Percent of Renters by Street (100)

Percent of Renters	Street
0.0%	Norris Rd
0.0%	Oaklands None
18.1%	Oaklands Way
77.3%	Oaks Ln
25.0%	Oaktree Dr

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 4, 166 Princes Hwy	$510	3.0	2.0	2.0	05 Dec 2025
Unit 9, 12 Mcclenaghan Pl	$490	2.0	1.0	1.0	03 Dec 2025
Unit 9, 12 Mcclenaghan Pl	$490	2.0	1.0	1.0	03 Dec 2025
Unit 2, 16a Henty St	$510	3.0	2.0	2.0	21 Nov 2025
Unit 2, 16a Henty St	$510	3.0	2.0	2.0	21 Nov 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
8 Cornflower St	$590	4	2	2	05 Dec 2025
Unit 1, 5 Thomas St	$480	3	1	1	04 Dec 2025
39 Scarlet Cr	$570	3	2	2	04 Dec 2025
39 Scarlet Cr	$570	3	2	2	04 Dec 2025
2 Lyell Pl	$550	3	2	1	04 Dec 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 4, 11 Howqua Pl	$540,000	3.0	2.0	2.0	03 Dec 2025	On Market
Unit 4, 11 Howqua Pl	$540,000	3.0	2.0	2.0	03 Dec 2025	On Market
Unit 4, 11 Howqua Pl	$540,000	3.0	2.0	2.0	03 Dec 2025	On Market
9 Ripplebrook Walk	$476,000	2.0	2.0	1.0	02 Dec 2025	On Market
9 Ripplebrook Walk	$476,000	2.0	2.0	1.0	02 Dec 2025	On Market

Expand ↗️

Loading Choropleth Data

Min Max

Subscribe to see the timeline. See samples: