If you compare the increase in value of investment property in Pascoe Vale South, 3044 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.00%.
The five-year average increase in median property values for Pascoe Vale South,3044 has given property investors a potential capital gain of 34.33% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Pascoe Vale South itself are offering an average vendor discount of -5.89% to real estate investors.
Often selling an investment property can take time, and in Pascoe Vale South the average time real estate has been on the market is 68.1818 days.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.73%, without taking into account capital value appreciation, which has been averaging out at 5.40%.
Pascoe Vale South is in the bottom 40% in VIC when comparing median price capital growth over the last year. Pascoe Vale South gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.48%.
Comparing Pascoe Vale South,3044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Pascoe Vale South 3044 should be seeing an average reduction in asking price of around -4.73% . This means that Pascoe Vale South is holding prices well when compared to other suburbs in VIC.