First National Real Estate Neilson Partners

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)

20-Jul-20

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