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Cardinia Shire
Pakenham Upper

Pakenham Upper Property Market
& Suburb Profile

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MEDIAN PRICES IN PAKENHAM UPPER

Median house price

(all agencies, last 12 months)$1.5m*

House price change

(all agencies, last 12 months)+10.07%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

PAKENHAM UPPER PRICE TRACKER

Houses

PAKENHAM UPPER SALES OVERVIEW

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)61

Average held period in Pakenham Upper

(proptrack)7 years

PAKENHAM UPPER INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$669pw

House rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)2.6%

Pakenham Upper total population size

(as at the last census)1,196

Median household size in Pakenham Upper

(as at the last census)3

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

PAKENHAM UPPER PROPERTY TYPES

  • Houses 66%
  • Other 34%

OCCUPANCY IN PAKENHAM UPPER

  • Owned 94%
  • Rented 3%
  • Other/Not Stated 3%
  • Singles 14%
  • Families 84%
  • Other 3%

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ABOUT PAKENHAM UPPER

Pakenham Upper is a premier lifestyle destination that represents the pinnacle of "hills" living in the outer southeast, located approximately 55 kilometers from Melbourne.

Perched above the bustling Pakenham township, this locality is defined by its dramatic topography, featuring winding ridgelines, deep valleys, and some of the most spectacular panoramic views in the state, often reaching as far as the Mornington Peninsula and the Strzelecki Ranges.

The area has a sophisticated blend of grand architectural estates, boutique vineyards, and elite equestrian facilities, all set against a backdrop of towering gums and ancient tree ferns. Unlike the suburban sprawl below, Pakenham Upper has maintained a prestigious and secluded atmosphere where the minimum lot sizes ensure privacy and a true sense of rural sanctuary.

The community heart is centered around the local primary school and the picturesque Pakenham Creek, while the nearby Tomahawk Creek-Hoddles Creek area provides endless trails for riding and hiking.

Despite its feeling of remote mountain luxury, the suburb is remarkably practical for modern living, sitting just a ten-minute drive from the comprehensive shopping, medical services, and transport links of Pakenham.

This unique combination of high-end real estate, rugged natural beauty, and proximity to major urban infrastructure makes Pakenham Upper one of the most sought-after addresses for those seeking an aspirational tree-change without losing touch with city conveniences.

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SALES COMPARISON

Find out how Pakenham Upper median sales prices compare to neighbouring suburbs.

PAKENHAM UPPER MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20260-no change0$0pw%
202517$765,00010.07%4$669pw2.60%
202417$695,0005.30%2$657pw2.73%
202318$660,000-3.11%2$612pw2.52%
202214$1,362,50021.11%0$538pw2.20%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20260-no change
202517$765,000+10.07%
202417$695,000+5.30%
202318$660,000-3.11%
202214$1,362,500+21.11%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20260$0pw%
20254$669pw2.60%
20242$657pw2.73%
20232$612pw2.52%
20220$538pw2.20%

PROUDLY SERVICING Pakenham Upper

Barry Plant
Pakenham

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 December 2024 to 31 December 2025, last updated 31 December 2025.