If you compare the increase in value of investment property in Pascoe Vale South, 3044 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.28%.
Pascoe Vale South,3044 was ranked 1472 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Pascoe Vale South should be aiming for at least -0.80% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 88 properties changed hands in Pascoe Vale South, which puts it as the 295th most active market in VIC when comparing the number of sales per suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.56%, without taking into account capital value appreciation, which has been averaging out at 8.77%.
With a capital gain of -7.43% for the last 12 months, Pascoe Vale South, 3044 has performed for property investments than its average annual 6.03% property growth over the last 5 years.
A 10.13% growth in median value for property investors in Pascoe Vale South,3044 puts this suburb at number 317th in terms of best performing suburbs in VIC
Pascoe Vale South, 3044 is offering VIC ‘s 143th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
In the last year 28 properties changed hands in Pascoe Vale South, which puts it as the 263th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $370 mark per week – giving a return of 3.77% based on the median price in Suburb