Want to know how much your home in Pakenham is worth? We provide free real estate appraisals on land, houses, units and townhouses including Pakenham Upper. Our appraiser’s will set up an appointment at your convenience 7 days a week. We value the price on a home in relation to its location to schools, shops, amenities and public transport. We also take into account the recent real estate sales history in Pakenham. We will walk you through the process on how we arrive at our final price.
This is not an obligation on your part to sell your home. However, we can advise on a sales tactic. This could be to sell the home privately, at a price or go to auction.
How Much is My Home Worth in Pakenham?
As of April 23, 2018, the median sale price of a home in Pakenham is $495,000. The median unit price is $355,000. The 12-month capital growth for houses is 19.40% and for units, it is 11.30%. The average annual capital growth runs at 6.50% for houses and 4.75% for units. The DSR or Demand to Supply Ratio ranks both homes and units as good. This equates to more buyers than sellers. Vendors are generally getting the prices they are asking for. Going forward, property in Pakenham should stay ahead of the national average for capital growth. Houses stay on the market for approximately 31 days. There has been 1235 homes and 135 units sold in the past year in Pakenham. House prices and weekly rent returns in Pakenham.
2 bedroom house $402,000 Rent per week $300
3 bedroom house $466,000 Rent per week $340
4 bedroom house $535,000 Rent per week $380
Unit prices and weekly rent returns in Pakenham.
2 bedroom unit $330,500 Rent per week $290
3 bedroom unit $378,000 Rent per week $328
Free Rental Appraisal in Pakenham
Appraising a property to rent differs from a home for sale. Firstly, the connection with the landlord is ongoing. The landlord owns the property and makes all the final decisions in relation to weekly fees, the type of tenant and maintenance issues. Our property management team assess the weekly rental value on current market prices, the location to schools, shops and public transport. You may wish to let the property long or short term. The Victorian Government has in place the Residential Tenancy Act the covers both landlord and tenant. We stick to these guidelines and combine them with our terms of agreement when placing a tenant. The landlord is kept up to date with routine inspections and they are provided with full tax accounting documentation.
Pakenham is an emerging south eastern suburb of Melbourne. The town planners have thought carefully about the design of the region. The more modern parts of Pakenham house shopping precincts that provide restaurants, cafes and shops. There is also a commercial park that has Bunnings, Office Works, BCF, fitness centre and JB Hi-fi to name a few. There are sporting facilities and a lake. This is a great place for young families. The average age falls between 20 -39. Families represent 50% of the population. Local schools in Pakenham.
Chairo Christian College Co-educational Private
Lakeside Lutheran College Co-educational Private
Pakenham Consolidated School Co-educational Government
Pakenham Hills Primary School Co-educational Government
Pakenham Lakeside Primary School Co-educational Government