Pakenham

Pakenham, situated approximately 56 km southeast of Melbourne’s Central Business District, is part of the Shire of Cardinia. It is one of Melbourne’s rapidly growing outer suburbs, known for its affordable housing, community-focused lifestyle, and scenic surroundings.

Demographic Profile

• Population: As of the 2021 census, Pakenham’s population was approximately 54,118, reflecting significant growth and development.
• Predominant Age Group: Attracts diverse residents, particularly popular among young families and first-home buyers.
• Median Household Income: Generally lower than the Melbourne metropolitan average, in line with its more affordable housing market.
• Occupancy: A mix of homeownership and rentals, with a trend towards new housing developments.

Real Estate and Growth

• Median House Prices: The median house price in Pakenham is around AUD 540,000, making it an affordable option compared to inner-city suburbs.
• Median Unit Prices: Units and townhouses have a median price of about AUD 390,000.
• Rental Market: The median house rent is approximately AUD 370 per week; for units, it’s around AUD 320 per week.
• Market Trends: Pakenham has experienced rapid growth, with new housing estates and developments appealing to those seeking affordable options outside the city.

Education and Lifestyle

• Schools: Pakenham is home to several schools, including Pakenham Secondary College and Pakenham Hills Primary School.
• Local Vibe: Known for its friendly community atmosphere, Pakenham is ideal for families looking for a suburban lifestyle.
• Community Insights: Residents enjoy the balance of rural charm and urban conveniences, with easy access to local amenities and open spaces.

Transportation

• Public Transport: Well-connected by the Pakenham railway line, offering direct access to Melbourne CBD and surrounding areas.
• Accessibility: Pakenham is accessible via the Princes Freeway and has several local bus services.

Notable Features

• Proximity to Natural Attractions: Close to the Dandenong Ranges and rural countryside, offering opportunities for outdoor activities and scenic drives.
• Recreational Areas: Features numerous parks, sports facilities, and recreational areas suitable for families and outdoor enthusiasts.

Pakenham is a vibrant and growing suburb, appealing for its affordability, family-friendly environment, and a blend of rural and urban lifestyles. With its significant population growth, expanding infrastructure, and community-oriented spirit, Pakenham represents a promising choice for many seeking a balance between country living and city access within the Melbourne metropolitan area.