Pakenham is displaying strong investment fundamentals as of May 2026. With a vacancy rate of just 1%, rental properties in Pakenham are being absorbed rapidly by tenants — a clear signal of demand significantly exceeding supply. Days on market currently sit at 23 days, indicating buyers are competing actively for available stock.
Steady price growth of 9.4% over the past 12 months indicates a stable market with moderate appreciation. Rental yields of 5.9% provide solid income returns above the national average of approximately 4.5%. Building approvals in the area have declined 10.3% over the past 12 months, limiting future supply and supporting property values.
PropTime's composite model weighs these and 12 additional indicators to produce the 83/100 score — placing Pakenham among the top-performing suburbs nationally.
Pakenham is particularly suited to cashflow-focused investors. The 5.9% rental yield is above the national average, offering solid income potential.
Based on PropTime's analysis of 15 demand and supply indicators, Pakenham scores 83/100 — a Strong Buy signal. Key indicators include a 1% vacancy rate, 5.9% rental yield, and 9.4% price growth over the past 12 months. Create a free PropTime account to see the complete 15-factor breakdown and cashflow calculator pre-filled with Pakenham data.
The current vacancy rate in Pakenham is 1%. This is below 1%, indicating very tight rental demand. Properties are being leased quickly and tenants are competing for available rentals.
The gross rental yield in Pakenham is 5.9%. The Australian national average is approximately 4.5%, so Pakenham is above average — a positive sign for cashflow investors. Use PropTime's free cashflow calculator to model the full weekly cashflow for Pakenham.
PropTime's composite model scores Pakenham at 83/100 as of May 2026. Price growth of 9.4% over the past 12 months reflects current market conditions. Create a free PropTime account to access the full 15-factor analysis for Pakenham.
Pakenham scores 83/100 on PropTime. Similar suburbs by score include Cranbourne, Berwick, Narre Warren, all within the same VIC market.