Suburb Profile Report for Pascoe Vale VIC (3044)

Pascoe Vale House: Median price $816,500, Annual capital growth 8.34%, Number of sales 206, Weekly median advertised rent $400

Pascoe Vale Unit: Median price $540,000, Annual capital growth 5.55%, Number of sales 206, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

Pascoe Vale, 3044 ranked 303th in VIC when comparing growth in median property values or capital gain over the last 12 months. Pascoe Vale is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Pascoe Vale,3044 has racked up an average of 13.40% over the period. This ranks it number 791th in the whole country for real estate investors looking at median house price increases.

Pascoe Vale3044 is located in VIC which offers an average discount of -5.26% to property investors. Pascoe Vale itself is showing figures that indicate -3.97% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Pascoe Vale the average time real estate has been on the market is 45.2 days.

With the median price for a house in Pascoe Vale being $816500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.55%

Over the last year, property investments in Pascoe Vale, 3044 have given investors a capital gain of 14.89%. This compares very favourably with the 5.66% for VIC as a whole.

The five-year average increase in median property values for Pascoe Vale,3044 has given property investors a potential capital gain of 31.71% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Pascoe Vale is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 265th in terms of most discounted suburbs in VIC

With the median price for a house in Pascoe Vale being $540000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 3.61%

Metrics i HOUSE UNIT
$816,500 $540,000
1.94% 5.88%
13.40% 14.89%
8.34% 5.55%
$400 $375
206 206
2.55% 3.61%
45.2 62.03

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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
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