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	$577	Bottom 45%	188% to Apr 2026
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	147	Top 1%	673% to Mar 2026

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	$500	Top 36%	152% to Apr 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	78.8%	Top 27%	21% to Apr 2026

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 (2)

Planning Applications: Dwellings (54)

Headline	Place	Date
Construction of a Dwelling, Fences and Associated Works (Earthworks) - Cardinia Shire Council T250593	44 Solid Drive, Pakenham, VIC	26 Feb 2026
Buildings and works associated with the construction of a replacement dwelling - Cardinia Shire Council T250701	357 Army Road, Pakenham, VIC	30 Jan 2026
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

Planning Applications: Industrial (3)

Headline	Place	Date
Use and development of land for a materials recycling facility (end-off-life vehicles) and associated buildings and works for three (3) warehouses (retrospective) - Cardinia Shire Council T260055	1-3 / 33 Sharnet Circuit, Pakenham, VIC	20 Feb 2026
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

Planning Applications: Other (43)

Headline	Place	Date
Use of the land for a Place of Assembly and installation of Internally Illuminated Signage Business Identification Signage - Cardinia Shire Council T250161	13A & 13B Sharnet Circuit, Pakenham, VIC	10 Feb 2026
Other. Dealing Type Major Transport Projects Facilitation Act (BA056648Y) - Streamlined Planning through Electronic Applications and Referrals S262589V	Cameron Way, Pakenham VIC 3810	30 Jan 2026
Amendment to Planning Permit T230582 under Section 72 of the Act for changes to the endorsed plans to include an outbuilding, carport, fence and retaining wall - Cardinia Shire Council T230582-2	4 Palm Court, Pakenham, VIC	17 Dec 2025
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

Median House Rental Prices by Street (100)

Level_0	Street	Date	Median rent (per week)
23979	Farmdale Rd	28 Mar 2026	$600
23977	Fallingwater Dr	28 Mar 2026	$579
23972	Fairywren St	28 Mar 2026	$594
23934	Ethan Ct	28 Mar 2026	$620
23959	Expedition Cct	28 Mar 2026	$543

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Abrehart Rd	28 Mar 2026	$843,800
Adam Ct	28 Mar 2026	$743,300
Adrian Dr	28 Mar 2026	$779,400
Ahern Rd	28 Mar 2026	$707,900
Allan Cl	28 Mar 2026	$771,600

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
77.3%	Ann Cr	average turnover	Every 12.9 years (average turnover)	2026
38.1%	Ralron Ct	very tightly held	Every 26.2 years (very tightly held)	2026
69.6%	Wadsley Ave	average turnover	Every 14.4 years (average turnover)	2026
111.1%	Bevan Ct	very high turnover	Every 9.0 years (very high turnover)	2026
117.7%	Eagle Dr	very high turnover	Every 8.5 years (very high turnover)	2026

Median Unit Sale Prices by Street (47)

Date	Median sale value	Street
28 Mar 2026	$571,000	Acacia Ct
28 Mar 2026	$544,800	Ahern Rd
28 Mar 2026	$1,557,000	Bald Hill Rd
28 Mar 2026	$626,800	Bate Cl
28 Mar 2026	$494,700	Ben Dr

LGA Details (1)

Headline	Place	Datetime
Local government area	Cardinia

Businesses (99)

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

Percent of Renters by Street (100)

Percent of Renters	Street
55.6%	Moroka Green
44.2%	Moore Mews
0.0%	Moore None
12.0%	Aberdeen Heights
0.0%	Aberdeen None

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
13 Twynam Pl	$1,177,000	4.0	3.0	2.0	06 Feb 2026	On Market
1 Ripplebrook Walk	$502,000	2.0	2.0	1.0	06 Feb 2026	On Market
Unit 2, 16-20 Cormorant Pde	$750,000	3.0	2.0	2.0	06 Feb 2026	On Market
16 Cyprus Pl	$700,000	3.0	2.0	2.0	06 Feb 2026	On Market
2 Leonard Ct	$615,000	3.0	1.0		05 Feb 2026	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 10, 98 Ahern Rd	$500	3.0	2.0	2.0	04 Feb 2026
Unit 10, 98 Ahern Rd	$500	3.0	2.0	2.0	04 Feb 2026
Unit 10, 98 Ahern Rd	$500	3.0	2.0	2.0	04 Feb 2026
1a Inverness Cl	$500	2.0	1.0	1.0	30 Jan 2026
1a Inverness Cl	$500	2.0	1.0	1.0	30 Jan 2026

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
22 Hawkesbury St	$530	3	2	1	06 Feb 2026
3 Kate Ct	$580	3	2	2	06 Feb 2026
Unit 12, 1 Village Way	$480	2	1	1	06 Feb 2026
7 Berkley St	$610	4	2	2	06 Feb 2026
22 Hawkesbury St	$530	3	2	1	06 Feb 2026

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 10, 11 Howqua Pl	$580,000	3.0	2.0	2.0	05 Feb 2026	On Market
Unit 10, 11 Howqua Pl	$580,000	3.0	2.0	2.0	05 Feb 2026	On Market
24 Flinders Chase	$955,000	4.0	3.0	4.0	04 Feb 2026	On Market
24 Flinders Chase	$955,000	4.0	3.0	4.0	04 Feb 2026	On Market
24 Flinders Chase	$955,000	4.0	3.0	4.0	04 Feb 2026	On Market

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Headline	Place	Datetime
Orchard Cottage	485 Toomuc Valley Rd