Property investors who have had real estate in Pascoe Vale South, 3044 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.95%
Taking the average capital gain, or increase in median house value, Pascoe Vale South,3044 has racked up an average of 13.95% over the period. This ranks it number 1191th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Pascoe Vale South are currently offering property investors an average price cut of -6.05% below the asking price at the moment.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 2.55%, without taking into account capital value appreciation, which has been averaging out at 8.52%.
If you compare the increase in value of investment property in Pascoe Vale South, 3044 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.17%.
The five-year average increase in median property values for Pascoe Vale South,3044 has given property investors a potential capital gain of 12.68% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Pascoe Vale South, 3044. Typically our figures indicate that -3.81% is being offered, which puts this VIC suburb at 1141th most discounted overall in Australia.