Pascoe Vale South has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.14% to date .
While Pascoe Vale South,3044 ranked number 460th in VIC for increase in median house value (annualised) increase, it is ranked 284th over the last 5 years.
Vendor discounting in Pascoe Vale South is giving property investors an average Vendor Discount of around -3.74%. This puts suburb at number 478th in VIC when ranking the most discounted suburbs.
With the median price for a house in Pascoe Vale South being $970000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.41%
Giving property investors a a solid capital gain of 18.48% for the last year, Pascoe Vale South, 3044 is the 187th highest performer in Australia in this respect.
Over the longer term, Pascoe Vale South has seen property prices show investors a 42.05% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Pascoe Vale South 3044 should be seeing an average reduction in asking price of around -3.01% . This means that Pascoe Vale South is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $397 mark per week – giving a return of 3.30% based on the median price in Suburb