Suburb Profile Report for Pascoe Vale South VIC (3044)

Pascoe Vale South House: Median price $895,500, Annual capital growth 8.52%, Number of sales 86, Weekly median advertised rent $450

Pascoe Vale South Unit: Median price $554,000, Annual capital growth 5.88%, Number of sales 29, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Pascoe Vale South has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.81% to date .

Comparing Pascoe Vale South,3044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Pascoe Vale South is giving property investors an average Vendor Discount of around -0.80%. This puts suburb at number 619th in VIC when ranking the most discounted suburbs.

In the last year 86 properties changed hands in Pascoe Vale South, which puts it as the 307th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Pascoe Vale South has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.73% to date .

Pascoe Vale South,3044 has offered an average of 0.73% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Pascoe Vale South are currently offering property investors an average price cut of -5.15% below the asking price at the moment.

With the median price for a house in Pascoe Vale South being $554000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.57%

Metrics i HOUSE UNIT
$895,500 $554,000
1.44% 6.85%
14.81% 0.73%
8.52% 5.88%
$450 $380
86 29
2.61% 3.57%
41.06 75.15

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 9532
Median household income ($/weekly) 1432
Median age of persons 38
Median housing loan repayment ($/monthly) 1952
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1297 13.6
    25-34 years 1165 12.2
    35-44 years 1650 17.3
    45-54 years 1412 14.8
    55-64 years 889 9.3
    Others 3119 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 3671 51.9
    Not Married 2874 40.6
    Defacto Relationship 532 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6920 75.3
    Hong Kong 288 3.1
    Japan 572 6.2
    United Kingdom 191 2.1
    Other 343 3.7
    Others 870 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 137 1.5
    Christianity 6550 73.8
    Hinduism 97 1.1
    Islam 278 3.1
    No Religion 1739 19.6
    Others 80 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 290 9.6
    $1,250-$1,499 258 8.6
    $1,500-$1,999 406 13.5
    $2,000-$2,499 314 10.4
    $2,500-$2,999 306 10.1
    Others 1441 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2784 38.3
    Not in the labour force 2466 33.9
    Employed, worked part-time 1474 20.3
    Employed, away from work 340 4.7
    Unemployed, looking for work 203 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 615 13.4
    Professionals 1218 26.5
    Technicians & trades workers 568 12.4
    Clerical & administrative workers 777 16.9
    Sales 461 10.0
    Others 958 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 197 8.2
    Infants/Primary 885 36.6
    Secondary 590 24.4
    Technical or Further Educational Institution 195 8.1
    University or other Tertiary Institutions 462 19.1
    Others 87 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8261 91.0
    Semi-detached, row or terrace house, townhouse 548 6.0
    Flat, unit or apartment 250 2.8
    House or flat attached to a shop, office 19 0.2
    Caravan, cabin, houseboat 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1432 43.6
    Being purchased 1174 35.7
    Rented 655 19.9
    Other tenure type 25 0.8
    Tenure Type
Census 2011, ABS
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