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%