It’s an ideal choice for a family-friendly lifestyle with a large selection of homes on spacious blocks close to public transport, great shopping facilities and exceptional schools. The suburb is bordered by dairy farms and market gardens, and despite development in the area quickening in pace, Pakenham still has a reassuringly country-like feel.
Many homebuyers have made the move to Pakenham to join a thriving community in one of the many housing estates such as Lakeside, Heritage Springs, Cardinia Lakes and Northside. Others are drawn by the range of affordably priced multi-storey homes, townhouses and units.
The median house price was $570,000 as of July 2021, which was a $176,250 increase in the six months from December 2020, according to realestate.com.au data.
“The market is extremely positive with strong buyer demand, and while there are not a lot of homes for sale, we see no reason for the market not to continue thriving,” he said.
“Pricing is still a lot more affordable in Pakenham, but it still delivers a fairly metro type of lifestyle, and access to fantastic amenities, freeways, medical facilities and high-level education.”
Mr O’Loughlin said Pakenham has a strong sense of community with many long-term residents stretching back generations.
The suburb has certainly enjoyed steady growth in recent years. Its established amenities, along with improvements in housing, facilities and infrastructure make it an increasingly attractive option for those looking to buy or invest in the greater Melbourne area.
For commuters to the Melbourne or Dandenong CBDs, there are two train stations – Pakenham and Cardinia Road – which offer regular metro trains and a V-Line express service along the Melbourne-Gippsland route. Travel time to Melbourne is just over an hour. There’s also a bus network and freeway access, making it easy for motorists to navigate the area for work or leisure.
For groceries and everyday shopping, Pakenham Central, Pakenham Place, Lakeside Village and Cardinia Lakes Shopping Centres are just minutes away. Westfield Fountain Gate, which is home to larger retailers, is about a 20-minute drive.
Pakenham residents have plenty of cultural, leisure and outdoor facilities close by. Cardinia Cultural Centre is a state-of-the-art performing arts and function centre overlooking the water in the Lakeside area. Locals can catch a leading show or exhibition there or attend events from business functions to weddings.
A major lifestyle attraction is the aquatic, fitness and health hub at Cardinia Life’s leisure centre. It is complemented by other local facilities including tennis courts and several public pools. Pakenham also has a number of walking, cycling and horse-riding trails that offer scenic views and a chance to spot native flora and fauna.
Pakenham and surrounding suburbs boast an extensive choice of government and independent schools, including primary schools such as Pakenham, Pakenham Springs and John Henry Primary. High schools include Pakenham Secondary College, St Patrick’s School, Beaconhills College, Lakeside College, Chairo Christian School and ECG College Pakenham.