Investment property in Pascoe Vale 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 13.14%
Over the longer term, Pascoe Vale has seen property prices show investors a 43.52% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Pascoe Vale should be aiming for at least -3.32% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Pascoe Vale the average time real estate has been on the market is 54.94 days.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 8.41%, investors should hope to achieve an overall return of 2.65%
Pascoe Vale is an average performer in VIC when comparing median price capital growth over the last year. Pascoe Vale gave property investors a average capital gain figure when compared to the rest of the state, with 4.52%.
Pascoe Vale,3044 has offered an average of 4.52% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Pascoe Vale itself are offering an average vendor discount of -4.17% to real estate investors.
Often selling an investment property can take time, and in Pascoe Vale the average time real estate has been on the market is 70.82 days.