How Much is My Home Worth in Pakenham?
The median price for a house in Pakenham is $486,000 as of February 5, 2020. A median-priced unit is $365,000. There has been 874 homes and 123 units sold in the last year. The annual capital growth for homes is 5.25% and units is 4.33%. The 12-month capital growth is -5.95% on houses and -7.93% for units. The DSR or Demand to Supply Ratio rates homes and units or apartments at above average. Currently, this is a good market for property investors. Vendors are getting their asking price and do not have to wait too long for an offer. As an investment capital growth should be ahead of the national average.
House prices and rent returns in Pakenham.
- 2 bedroom home $400,000 Rent per week $315
- 3 bedroom home $450,000 Rent per week $350
- 4 bedroom home $530,000 Rent per week $390
Unit prices and rent returns in Pakenham.
- 2 bedroom unit $350,000 Rent per week $310
- 3 bedroom unit $387,000 Rent per week $340
The gross rental yield for houses is 3.87%. And for units, it is 4.77%. It takes 54 days to sell a house and 60 days to sell a unit in Pakenham.
Free Real Estate Appraisal Pakenham
Are you thinking of selling your home and want to know its current market value? Or, do you own an investment property or block of land you want to be appraised? Our sales agents will give you a free appraisal on all type of properties. They will also explain to the vendor on how they arrive at their pricing. Typically appraisals are centred around the property’s location to amenities, public transport, shops and schools. Also factored into the appraisal is the recent sales history.
Rental Appraisal Pakenham
Our property management team currently looks after 3500 properties. So, if you have an investment property you wish to rent or, you want to rent your current house our appraisers will give you a free quote on the weekly rent return you can expect? We talk to the landlord for details on the rental. Is it for short term or long term lease? What type of tenant do they prefer? From this information, we access our database of potential tenants and filter out the matches. This list is presented to the landlord to see if we can narrow down the tenants wanting to rent. We maintain the entire property including rent collection and maintenance.
Property Valuation Pakenham
For most people, property valuation or appraisal are one and the same. However, if you are required by law to obtain a valuation then you must engage the services of the registered valuer. This will come at a cost to you.
Pakenham Suburb Profile
Recent Sold Homes in Pakenham
View our list of recently sold homes in Pakenham. Our database of sales shows houses and units sold in the past year. It also includes Pakenham South and Pakenham Upper. There are over 210 properties to browse.
Lifestyle in Pakenham
Pakenham is located 56 kilometres south-east of Melbourne. There is the Pakenham Golf Club and an acquatic 25 metre swimming pool. There variety of shopping districts that include Bunnings and Office Works. The M1 Motorway runs through the middle as does the Pakenham Train station on the Gippsland railway line.
Schools in Pakenham
There are 3 schools in Pakenham.
- Chairo Christian College Co-educational Private
- Lakeside Lutheran College Co-educational Private
- Pakenham Consolidated School Co-educational