Thinking about buying in Pakenham? Now could not be a better time, with 27127 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $853,000 with prices in this suburb ranging from $67,000 to $41,691,000. The aproximate distance to the coast is 10 Km.
Household Makeup
| Median Weekly Rent | $361.22 |
| Median Monthly Mortgage | $1695.36 |
| Median Persons Per Bedroom | 0.81 |
| Average Household Size | 2.90 |
| Average Age | 34.44 |
| Average Income | $786.46 |
| Average Cars Per Dwelling | 1.88 |
| Average Properties Within 50M | 15 |
Housing Stock
Average Property Prices
| 1 Bed $747,000 |
| 2 Bed $680,000 |
| 3 Bed $736,000 |
| 4 Bed $911,000 |
| 5 Bed $1,191,000 |
| 6 Bed+$1,441,000 |
Pakenham Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Pakenham driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Pakenham are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Pakenham provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Pakenham requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Pakenham is a suburb on the outskirts of Melbourne, Victoria. The land where Pakenham sits was traditionally inhabited by the Kulin aboriginal people; European settlement of the area began in the 1830s. The suburb takes its name in Sir Edward Pakenham, a British Major General who was killed during the War of 1812. The first post office opened in 1859, although this was closed in 1974 with a new post office which operates to this day opening in 1874, and a railway station followed suit in 1877. Within Pakenham are excellent public facilities ranging from aquatic centres and gyms to schools and retail outlets, with Pakenham acting as a major retail centre within its area.
As a satellite suburb, Pakenham is an excellent suburb for those who want the simplicity, peace and picturesque views associated with rural life without being too distant from the convenience of the city in terms of employment and commerce. As well as connections by rail to central Melbourne, Pakenham’s status as a commercial hub for the Cardinia shire adds to the appeal and convenience of the suburb. Pakenham is widely recognised as one of the most rapidly growing and developing areas in the region, with several major construction developments in recent years further driving this point home. In conclusion, Pakenham is an idyllic, rural municipality with good connections to central Melbourne, striking a perfect balance between a relaxed lifestyle and urban convenience.
Houses for sale Pakenham
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Local Schools
Lakeside College
Beaconhills College
St Patrick's School
Pakenham Secondary College
Pakenham Consolidated School
Pakenham Springs Primary School
Pakenham Lakeside Primary School
Pakenham Hills Primary School
John Henry Primary School
St Clare's Primary School
(While the above schools are located with the suburb of Pakenham there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Pakenham weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 2.1 | 13.1 | 24.6 | 43.5 | 90.7 | 1.8 | 23.4 |
| Feb | 2.4 | 13.1 | 24.1 | 44.7 | 90.3 | 1.7 | 19.7 |
| Mar | 2.7 | 12.1 | 21.2 | 50.5 | 90.7 | 1.6 | 14.6 |
| Apr | 4.0 | 9.8 | 16.7 | 59.8 | 91.8 | 1.4 | 10.9 |
| May | 4.3 | 7.7 | 12.8 | 67.1 | 92.3 | 1.5 | 7.1 |
| Jun | 3.6 | 5.8 | 10.4 | 72.4 | 94.3 | 1.5 | 6.5 |
| Jul | 3.7 | 5.2 | 9.7 | 71.5 | 94.2 | 1.9 | 6.7 |
| Aug | 4.1 | 5.0 | 10.6 | 64.9 | 93.7 | 1.8 | 9.0 |
| Sept | 3.3 | 6.8 | 13.9 | 57.2 | 92.5 | 1.7 | 13.4 |
| Oct | 3.3 | 8.6 | 17.6 | 51.9 | 91.9 | 1.7 | 17.7 |
| Nov | 4.1 | 9.7 | 19.5 | 48.7 | 94.0 | 1.6 | 21.0 |
| Dec | 2.1 | 11.6 | 22.6 | 46.4 | 91.4 | 1.6 | 24.5 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Garfield - Greater then 10KM
Lakeside - Greater then 10KM
Tynong - Greater then 10KM
Cranbourne - Greater then 10KM
Pakenham - Less than 1 KM
Nar Nar Goon - Less than 10 KM
Emerald - Greater then 10KM
Gembrook (Town) - Greater then 10KM
Gembrook (Heritage) - Greater then 10KM
Cockatoo - Greater then 10KM
General Points of Interest
Pakenham Bowls Club - Less than 1 KM
Pakenham Outdoor Swimming Pool - Less than 1 KM
Cardinia Life Leisure Centre - Less than 5 KM
Ronald Clifford Andrews Memorial - Less than 2 KM
Deep Creek Golf Club - Less than 2 KM
Pakenham Regional Tennis Centre - Less than 2 KM
Pakenham Place Shopping Centre - Less than 1 KM
Heritage Springs Shopping Village - Less than 2 KM
Home Consortium Pakenham - Less than 5 KM
Pakenham Central Marketplace - Less than 1 KM
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