Pakenham has been revealed as the 4th most popular Melbourne suburb for first home buyers, according to a study by realestate.com.au.
Samantha Landy reports that first home buyers are flocking to the outer suburbs to take advantage of stamp duty discounts, the Federal Government Home Builder Grant and the First Home Loan Deposit Scheme for new homes built in Victoria.
FOR SALE - 6/40 ARMY ROAD, PAKENHAM
FOR SALE 8 CASCADE WAY, PAKENHAM
FOR SALE 16/23 ATLANTIC DRIVE, PAKENHAM
There are many reasons why Pakenham is a hot spot for buyers seeking the outer south easterns suburb of Pakenham as the location for their new home. Here are some of them:
1. With a median house price of $652,750 and unit price of $485,000, Pakenham is still an affordable suburb for first home buyers looking to enter the real estate market. It also offers opportunity for growing families looking to upsize, as well as downsizers.
2. New and continuous housing developments accommodate for population growth, providing more affordable options than those suburbs closer to the CBD and existing established estates with larger alloptments provide more space and bigger yards, often hard to come by without an exorbitant price tag.
3. Parkland and reserves, quality public, private and semi-private primary and secondary schools, healthcare facilities and shopping centres all enhance the livability of the thriving suburb. Pakenham has it all with cafes, restaurants, a number of shopping centres and recreation facilities.
3. Key infrastructure including the Pakenham Railway Line upgrade featuring the new Pakenham Station and brand new Pakenham East Station, along with easy access to the extended Princes Freeway all support the growth of a community of the rise.
Pakenham East Railway Station
4. Located just 1hrs drive from Melbourne's CBD via the M1 Freeway, or just over 1hr by rail, Pakenham is easily accessible for those commuting to the city for work or play.
If you would like further information, please contact our friendly team of sales professionals at First National Real Estate Neilson Partners Pakenham
