Suburb Profile Report for Pascoe Vale South VIC (3044)

Pascoe Vale South House: Median price $953,750, Annual capital growth 5.40%, Number of sales 89, Weekly median advertised rent $500

Pascoe Vale South Unit: Median price $620,000, Annual capital growth 3.87%, Number of sales 45, Weekly median advertised rent $420

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$953,750 $620,000
0.39% 2.44%
3.00% 2.48%
5.40% 3.87%
$500 $420
89 45
2.73% 3.52%
68.1818181818182 100.772727272727

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very 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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