Suburb Profile Report for Pascoe Vale South VIC (3044)

Pascoe Vale South House: Median price $950,000, Annual capital growth 6.79%, Number of sales 91, Weekly median advertised rent $450

Pascoe Vale South Unit: Median price $664,900, Annual capital growth 7.96%, Number of sales 34, Weekly median advertised rent $400

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

Over the last year, property investments in Pascoe Vale South, 3044 have given investors a capital gain of 5.51%. This compares badly with the 8.62% for VIC as a whole.

Pascoe Vale South,3044 was ranked 2958 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -4.35% to buyers in Pascoe Vale South at the moment, which is less than average for the rest of VIC.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Pascoe Vale South, 3044 ranked 54th in VIC when comparing growth in median property values or capital gain over the last 12 months. Pascoe Vale South is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pascoe Vale South has increased when compared to the 5 year average annual rate.

Property buyers and investors in Pascoe Vale South 3044 should be seeing an average reduction in asking price of around -3.21% . This means that Pascoe Vale South is holding prices well when compared to other suburbs in VIC.

In the last year 34 properties changed hands in Pascoe Vale South, which puts it as the 206th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$950,000 $664,900
-1.55% N/A
5.51% 18.73%
6.79% 7.96%
$450 $400
91 34
2.46% 3.13%
42.61 51

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9532
Median household income ($/weekly) 1432
Median age of persons 38
Median housing loan repayment ($/monthly) 1952
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1297 13.6
    25-34 years 1165 12.2
    35-44 years 1650 17.3
    45-54 years 1412 14.8
    55-64 years 889 9.3
    Others 3119 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 3671 51.9
    Not Married 2874 40.6
    Defacto Relationship 532 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 6920 75.3
    Hong Kong 288 3.1
    Japan 572 6.2
    United Kingdom 191 2.1
    Other 343 3.7
    Others 870 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 137 1.5
    Christianity 6550 73.8
    Hinduism 97 1.1
    Islam 278 3.1
    No Religion 1739 19.6
    Others 80 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 290 9.6
    $1,250-$1,499 258 8.6
    $1,500-$1,999 406 13.5
    $2,000-$2,499 314 10.4
    $2,500-$2,999 306 10.1
    Others 1441 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2784 38.3
    Not in the labour force 2466 33.9
    Employed, worked part-time 1474 20.3
    Employed, away from work 340 4.7
    Unemployed, looking for work 203 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 615 13.4
    Professionals 1218 26.5
    Technicians & trades workers 568 12.4
    Clerical & administrative workers 777 16.9
    Sales 461 10.0
    Others 958 20.8
    Occupation
    Census Count Percent(%)
    Pre-school 197 8.2
    Infants/Primary 885 36.6
    Secondary 590 24.4
    Technical or Further Educational Institution 195 8.1
    University or other Tertiary Institutions 462 19.1
    Others 87 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8261 91.0
    Semi-detached, row or terrace house, townhouse 548 6.0
    Flat, unit or apartment 250 2.8
    House or flat attached to a shop, office 19 0.2
    Caravan, cabin, houseboat 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1432 43.6
    Being purchased 1174 35.7
    Rented 655 19.9
    Other tenure type 25 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals