Pakenham Property Market Update – June 2025
A renewed energy has swept into 2025 and taken the Pakenham property market by storm, increasing buyer confidence and driving activity in the marketplace for first-home buyers, growing families, and savvy investors alike.
Strong Buyer Interest in Pakenham
Pakenham has firmly cemented itself as one of the Cardinia region’s most sought-after suburbs. Families love the abundance of schools, parks, and sporting facilities, while investors are drawn to the long-term growth opportunities. As of June 2025, the median house price in Pakenham sits around $650,000, with steady growth holding up despite the shifting economy. Units are averaging approximately $490,000, remaining a popular choice for buyers seeking entry into the market (realestate.com.au).
Recent sales through Barry Plant Pakenham continue to show strong buyer turnout at open homes, with many properties generating multiple offers - particularly homes located near the train station, Princes Highway, and within popular estates such as Lakeside, Cardinia Lakes, and Ascot.
The Rate Cut Effect – Confidence Returns
The Reserve Bank of Australia’s May 2025 decision to drop the official cash rate by 0.25% (down to 3.85%) has delivered a timely boost to buyer sentiment. After a period of hesitation in late 2024, many buyers are now re-entering the market with renewed confidence, eager to secure their next home or investment property while borrowing conditions remain favourable (domain.com.au).
Mortgage brokers are reporting an increase in pre-approvals across Pakenham, with competition once again building for well-priced properties.
What’s Moving in Pakenham
In today’s market, buyers are actively seeking:
- Modern family homes with open-plan living and outdoor entertaining
- Low-maintenance townhouses are ideal for downsizers or first-time buyers
- Larger blocks offering room for growing families or future development
Sellers who are presenting their properties well and pricing competitively are often receiving offers quickly, with some homes achieving results within days of hitting the market.
Pakenham's Rental Market Strength
The rental market in Pakenham remains strong, supported by continued population growth and low vacancy rates. Family homes and townhouses remain highly sought after, with weekly rental prices for houses sitting between $480–$520 per week.
Investors are finding Pakenham attractive for both its rental yields and capital growth outlook, making it an appealing option for those looking to grow their property portfolio in a high-demand location.
The Road Ahead for Pakenham
With key infrastructure projects underway—including new schools, shopping precincts, and the highly anticipated Pakenham East growth area—the future for Pakenham remains bright as one of Melbourne’s strongest-performing growth corridors.
At Barry Plant Pakenham, we remain committed to helping our clients navigate the local market with expert advice and tailored strategies to achieve their property goals.
Explore recent sales and local results here: Barry Plant Pakenham Sold Properties.