At number 1022th in the list of Australian suburbs ordered by increase in median house value over the last year, Pascoe Vale, 3044 is in the top 30% with a property value increase of 12.82% recorded in median house prices.
Pascoe Vale,3044 has offered an average of 12.82% 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 -5.53% offered to property buyers. Sellers in Pascoe Vale itself are offering an average vendor discount of -3.64% to real estate investors.
Pascoe Vale is 456th on a list of best yielding suburbs for rents in VIC with a 2.60% return
Over the last year, property investments in Pascoe Vale, 3044 have given investors a capital gain of 14.29%. This compares very favourably with the 4.79% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pascoe Vale has increased when compared to the 5 year average annual rate.
Pascoe Vale, 3044 is offering VIC ‘s 227th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 3.70%