Suburb Profile Report for Pascoe Vale South VIC (3044)

Pascoe Vale South House: Median price $875,000, Annual capital growth 8.77%, Number of sales 88, Weekly median advertised rent $430

Pascoe Vale South Unit: Median price $511,000, Annual capital growth 6.03%, Number of sales 28, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$875,000 $511,000
2.94% -3.13%
16.28% -7.43%
8.77% 6.03%
$430 $370
88 28
2.56% 3.77%
44.12 93.18

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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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