Suburb Profile Report for Pascoe Vale VIC (3044)

Pascoe Vale House: Median price $715,001, Annual capital growth 7.61%, Number of sales 162, Weekly median advertised rent $380

Pascoe Vale Unit: Median price $450,000, Annual capital growth 4.48%, Number of sales 236, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.13% which means that Pascoe Vale, 3044 has done well for property investors by showing a capital gain of 9.16% over the last year

Across a shorter period, Pascoe Vale, 3044 has seen a median price increase of 2.14% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Pascoe Vale is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 590th in terms of most discounted suburbs in VIC

Property investors should expect to get $380 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Pascoe Vale, 3044 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.54%.

While Pascoe Vale,3044 ranked number 242th in VIC for increase in median house value (annualised) increase, it is ranked 282th over the last 5 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, 3044. Typically our figures indicate that -4.60% is being offered, which puts this VIC suburb at 868th most discounted overall in Australia.

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

HOUSE UNIT
$715,001 $450,000
2.14% -0.87%
9.16% -3.54%
7.61% 4.48%
$380 $360
162 236
2.76% 4.16%
57.56 75.87

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 14886
Median household income ($/weekly) 1198
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1612 10.8
    25-34 years 2628 17.7
    35-44 years 2351 15.8
    45-54 years 1826 12.3
    55-64 years 1257 8.4
    Others 5212 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 5278 46.6
    Not Married 5094 45.0
    Defacto Relationship 959 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 9722 69.1
    Indonesia 405 2.9
    Japan 910 6.5
    United Kingdom 298 2.1
    Other 765 5.4
    Others 1977 14.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 219 1.6
    Christianity 9408 68.3
    Hinduism 291 2.1
    Islam 1208 8.8
    No Religion 2498 18.1
    Others 156 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 550 10.3
    $600-$799 475 8.9
    $1,000-$1,249 471 8.8
    $1,500-$1,999 682 12.8
    $2,000-$2,499 498 9.3
    Others 2653 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4636 40.0
    Not in the labour force 4289 37.0
    Employed, worked part-time 1904 16.4
    Employed, away from work 400 3.4
    Unemployed, looking for work 369 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 776 11.2
    Professionals 1716 24.7
    Technicians & trades workers 977 14.1
    Community & personal service workers 625 9.0
    Clerical & administrative workers 1223 17.6
    Others 1620 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 271 8.5
    Infants/Primary 1015 31.7
    Secondary 776 24.3
    Technical or Further Educational Institution 312 9.8
    University or other Tertiary Institutions 676 21.1
    Others 149 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9565 68.1
    Semi-detached, row or terrace house, townhouse 2795 19.9
    Flat, unit or apartment 1657 11.8
    House or flat attached to a shop, office 31 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2193 38.7
    Being purchased 1778 31.3
    Rented 1677 29.6
    Other tenure type 25 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals