Latest News

Pakenham in Focus
Household Structure
Household Occupancy
20 Jul 20

PAKENHAM IN FOCUS

Pakenham is approximately 85.9 square kilometers with 207 parks covering nearly 2.6% of the total area.

Pakenham recorded a a population of 46,421 as at the 2016 Census showing a population growth of more than 36.5% in the area since 2011. Of these 48.4% were male and 51.6% were female. The median age  was 32 years. It is estimated that in 2020 Pakenham's population would be approximately 90,118. 

Households in Pakenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. As at March 2020 the median sales price of houses in the area is $509,000. In general, people in Pakenham work in a trades occupation.

In 2011, 67.6% of the homes in Pakenham were owner-occupied compared with 65% in 2016.
 

Median Sales Price

 

Year 2016

Year 2017

Year 2018

Year 2019

Year 2020

Period

Median Price

Median Price

Median Price

Median Price

Median Price

January

$367,500

$405,000

$482,000

$517,000

$498,000

February

$372,000

$408,000

$490,000

$515,000

$500,000

March

$375,000

$410,000

$495,000

$510,000

$509,000

April

$378,000

$418,000

$501,000

$505,000

n/a

May

$380,000

$422,500

$510,000

$500,000

n/a

June

$381,000

$430,000

$515,500

$493,500

n/a

July

$385,000

$438,000

$520,000

$490,000

n/a

August

$389,000

$450,000

$522,000

$490,000

n/a

September

$390,000

$456,000

$525,000

$489,000

n/a

October

$392,000

$465,000

$524,000

$487,000

n/a

November

$395,000

$472,750

$521,500

$490,000

n/a

December

$400,000

$478,000

$520,000

$492,500

n/a

Statistics are calculated over a rolling 12 month period

 

Household Structure

Type

Percent

Couples with Children

48.5

Childless Couples

30.8

Single Parents

19.4

Other

1.3

Statistics are provided by the Australian Bureau of Statistics (ABS)

 

Household Occupancy

Type

Percent

Purchaser

46.3

Renting

30.7

Owns Outright

18.7

Not Stated

2.6

Other

1.8

Statistics are provided by the Australian Bureau of Statistics (ABS)

Step 1. Enter your property address

Step 2. Enter your details

Step 3. More information about your property (optional)

Thank you for your enquiry!

We'll be in touch soon to your email address provided ().

Close