20 Deveney Street, Pakenham VIC 3810

20 Deveney Street, Pakenham VIC 3810
Detailed Independent Property Report prepared  by PropCred Analyst team for 20 Deveney Street, Pakenham VIC 3810
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ! 1
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Market Insight

Pakenham, in Melbourne’s outer south-east, is a family-driven growth corridor. House medians sit around $700,000, with annual growth of 6.1–8.0%; units range $515,000–$547,500, growing up to 10% annually. Family demand is explicit: four-bedroom houses command $750,000–$959,000, and sales volumes of 1,039–1,239 a year with median days on market of 15–16 signal competitive conditions. Rental yields are modest-houses 4.08%, units 4.6–5.0%-but weekly rents hold at $550–$560 for houses and $470–$500 for units, keeping investor interest. Regional rail and road links to Melbourne plus infrastructure works support future growth. Constraints: affordability is stretched near $700,000, supply is moderate (64 listings), and growth is interest-rate sensitive.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

3

Land

687m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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