Suburb Profile Report for Pascoe Vale South VIC (3044)

Pascoe Vale South House: Median price $752,500, Annual capital growth 7.58%, Number of sales 116, Weekly median advertised rent $420

Pascoe Vale South Unit: Median price $532,500, Annual capital growth 8.84%, Number of sales 29, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2382th in the list of Australian suburbs ordered by increase in median house value over the last year, Pascoe Vale South, 3044 is in the BOTTOM 50% with a property value increase of 3.08% recorded in median house prices.

While Pascoe Vale South,3044 ranked number 435th in VIC for increase in median house value (annualised) increase, it is ranked 321th over the last 5 years.

Vendor discounting in Pascoe Vale South is giving property investors an average Vendor Discount of around -6.67%. This puts suburb at number 192th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Pascoe Vale South the average time real estate has been on the market is 46.27 days.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

VIC has seen average median house prices change by 3.56% which means that Pascoe Vale South, 3044 has done well for property investors by showing a capital gain of 13.66% over the last year

Over the longer term, Pascoe Vale South has seen property prices show investors a 28.31% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Pascoe Vale South is $532500, with sellers offering an average of -2.79% off the asking price.

Often selling an investment property can take time, and in Pascoe Vale South the average time real estate has been on the market is 91.05 days.

Pascoe Vale South is 302th on a list of best yielding suburbs for rents in VIC with a 3.42% return

HOUSE UNIT
$752,500 $532,500
0.33% -0.47%
3.08% 13.66%
7.58% 8.84%
$420 $350
116 29
2.90% 3.42%
46.27 91.05

Source: CoreLogic

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