Suburb Profile Report for Pascoe Vale South VIC (3044)

Pascoe Vale South House: Median price $858,500, Annual capital growth 8.86%, Number of sales 89, Weekly median advertised rent $420

Pascoe Vale South Unit: Median price $520,000, Annual capital growth 6.17%, Number of sales 33, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Pascoe Vale South has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.47%

If we look at median property appreciation over just the last three months, Pascoe Vale South has given property investors a paper return of 2.20%. This puts Suburb as 341 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Pascoe Vale South is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 611th in terms of most discounted suburbs in VIC

Advertised rents are around the $420 mark per week – giving a return of 2.54% based on the median price in Suburb

Pascoe Vale South, 3044 ranked 226th in VIC when comparing growth in median property values or capital gain over the last 12 months. Pascoe Vale South is one of 2098 in our list for VIC

Over the longer term, Pascoe Vale South has seen property prices show investors a 18.72% return over the last 3 years. This is worse than over the last 12 months

Pascoe Vale South3044 is located in VIC which offers an average discount of -5.07% to property investors. Pascoe Vale South itself is showing figures that indicate -4.05% is the average achievable by property buyers investing in the suburb.

Pascoe Vale South, 3044’s gross rental yield is 3.50%

Metrics i HOUSE UNIT
$858,500 $520,000
2.20% -0.48%
14.47% 1.96%
8.86% 6.17%
$420 $350
89 33
2.54% 3.50%
44.97 92.16

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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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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Recent sales & rentals