Suburb Profile Report for Pascoe Vale VIC (3044)

Pascoe Vale House: Median price $740,500, Annual capital growth 7.92%, Number of sales 178, Weekly median advertised rent $380

Pascoe Vale Unit: Median price $470,000, Annual capital growth 4.73%, Number of sales 217, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Pascoe Vale, 3044 ranked 280th 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 10.19% over the period. This ranks it number 960th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Pascoe Vale itself are offering an average vendor discount of -2.14% to real estate investors.

Residents and property investors in Pascoe Vale have been waiting around 56.35 days to sell a property.

Advertised rents are around the $380 mark per week – giving a return of 2.67% based on the median price in Suburb

With a capital gain of 2.17% for the last 12 months, Pascoe Vale, 3044 has performed for property investments than its average annual 4.73% property growth over the last 5 years.

A 8.05% growth in median value for property investors in Pascoe Vale,3044 puts this suburb at number 103th in terms of best performing suburbs in VIC

Property buyers and investors in Pascoe Vale 3044 should be seeing an average reduction in asking price of around -4.37% . This means that Pascoe Vale is holding prices well when compared to other suburbs in VIC.

In the last year 217 properties changed hands in Pascoe Vale, which puts it as the 27th most active market in VIC when comparing the number of sales per suburb.

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

HOUSE UNIT
$740,500 $470,000
2.63% 2.17%
10.19% 2.17%
7.92% 4.73%
$380 $360
178 217
2.67% 3.98%
56.35 75.97

Source: CoreLogic

DSR Score for property investment : Very 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
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