17 mortgage brokers on BrokerScore are based in Pakenham or serve the area. Together they have 2,235 reviews with an average rating of 5.0 out of 5. Of these, 1 has claimed their profile and added details like lenders, languages and specialties.

Between them they speak Hindi, Persian, Polish and Turkish, as well as English.

At the 2021 Census, 46% of homes in Pakenham were owned with a mortgage (Victoria: 36%), 19% were owned outright and 31% were rented. The median mortgage repayment was $1,733 a month and the median rent was $351 a week. With more homes under a mortgage than the VIC average, a regular loan review is worth doing for many locals.

Home ownership figures: ABS 2021 Census, Pakenham Suburb and Locality, used under CC BY 4.0. Mortgage broker figures from BrokerScore, updated October 2026.

Property prices in Pakenham

Median house price$725,000▲ 8.2% over 12 months230 sales

Median unit price$566,300▲ 15.6% over 12 months48 sales

5% Deposit Scheme cap$950,000First home buyers

Jan-Mar 2026 quarter. Source: Victorian Property Sales Report, Valuer-General Victoria, CC BY 4.0. Medians move around in suburbs with few sales, so treat them as a guide.

Buying your first home in Pakenham

Pakenham is in the $950,000 price cap area for the Australian Government 5% Deposit Scheme (Melbourne and Geelong). Eligible first home buyers can buy up to that price with a 5% deposit and no lenders mortgage insurance.

Victoria grants and concessions

A First Home Owner Grant for eligible new homes.
A full duty exemption or a duty concession for eligible first home buyers, depending on the property’s value.
Check the State Revenue Office for current amounts and thresholds.

General information only, checked 9 October 2026. Sources: 5% Deposit Scheme price caps, Victoria. Eligibility rules apply, so confirm with a mortgage broker.

Find a first home buyer mortgage broker near Pakenham →

Mortgage broker Pakenham FAQs

How many mortgage brokers are there in Pakenham?

There are 17 mortgage brokers on BrokerScore based in Pakenham or serving the area, plus 14 more within 10 km.

Who are the top rated mortgage brokers in Pakenham?

By BrokerScore, the top rated mortgage brokers in or near Pakenham are Low Rate Home Loan (8.2), Get You Finance (6.7) and Home of Inspire (6.6). BrokerScore is a rating out of 10 that reflects reviews and how well a mortgage broker looks after the people who contact them. Mortgage brokers can’t pay to change it.

How much does a mortgage broker cost in Pakenham?

Most mortgage brokers in Pakenham don’t charge you for a standard home loan. They’re usually paid a commission by the lender once your loan settles. Some charge a fee for complex loans, so ask upfront. Every mortgage broker must give you a credit guide that explains how they’re paid and any fees.

What’s the average mortgage repayment in Pakenham?

At the 2021 Census, the median mortgage repayment in Pakenham was $1,733 a month, and 46% of homes were owned with a mortgage. Interest rates and prices have changed since then, so a local mortgage broker can work out what repayments would look like for you today.

How much does a house cost in Pakenham?

In the Jan-Mar 2026 quarter figures from the Victorian Property Sales Report, Valuer-General Victoria, the median house price in Pakenham was $725,000 (up 8.2% on a year earlier) and the median unit price was $566,300.

What is the 5% Deposit Scheme price cap in Pakenham?

Pakenham falls under the $950,000 price cap that applies in Melbourne and Geelong. Under the Australian Government 5% Deposit Scheme, eligible first home buyers can buy up to this price with a 5% deposit and no lenders mortgage insurance. Some suburbs span more than one postcode, so confirm with a participating lender or mortgage broker.

Are there mortgage brokers in Pakenham who speak other languages?

Yes. Mortgage brokers serving Pakenham on BrokerScore speak Hindi, Persian, Polish and Turkish. Use the language filter at the top of this page to see who speaks yours.

Should I use a mortgage broker or go straight to my bank?

A bank can only offer its own home loans. A mortgage broker compares loans from the lenders on their panel. They must act in your best interests, and they handle the paperwork through to settlement.

How do I choose a mortgage broker in Pakenham?

Compare BrokerScores and read recent reviews, check they help with your situation (for example first home buyers, refinancing or self-employed borrowers) and see which lenders they work with. Ask how they’re paid and how many lenders they’ll compare for you. You can message any mortgage broker on this page for free.

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