ABS 2021 Census · Updated 31 March 2026
Pakenham is a regional centre in Victoria, Australia, with a population of approximately 54,118, making it a significant urban area. Located approximately 54 km from the Melbourne CBD, Pakenham is a regional area in Victoria. The median household income is $86,528 AUD per year (ABS 2021 Census).
Moderate income levels in Pakenham indicate steady rental demand from working households. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.
Map shows Pakenham, Victoria, Australia.
Official Australia Post postcode for Pakenham. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 14 schools within or near this suburb based on ABS 2021 data.
Find schools near Pakenham on My School →Estimated 22 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As a regional centre, Pakenham serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $351/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,733/month. The median household income of $86,528/year reflects a solid demographic, supporting sustainable rental demand. 82% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.
A buy-and-hold approach in Pakenham could work well with careful property selection and a longer time horizon.
Rental yields in Pakenham are moderate — screen for properties that offer above-average returns.
Renovation or flip strategies in Pakenham face headwinds from a smaller buyer pool and slower turnover.
Run the numbers on a Pakenham property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital growth in Pakenham may remain subdued in 2026, with limited demand drivers in the near term. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Investor sentiment is cautiously optimistic — selective opportunities exist for well-researched buyers.
Pakenham is a regional area in Victoria with a population of 54,118. The median rent is $351/week and the median household income is $86,528/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Pakenham include regional employment hubs, lifestyle, and affordability. 82% of dwellings are separate houses. The area has approximately 14 schools and 22 parks nearby.
According to the ABS 2021 Census, Pakenham has a population of approximately 54,118. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Pakenham is approximately 54 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.