Suburb Profile Report for Pascoe Vale VIC (3044)

Pascoe Vale House: Median price $780,500, Annual capital growth 6.00%, Number of sales 155, Weekly median advertised rent $470

Pascoe Vale Unit: Median price $611,000, Annual capital growth 4.94%, Number of sales 158, Weekly median advertised rent $410

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Pascoe Vale have tracked lower than the VIC average of -1.69% over the last 12 months.

Over the longer term, Pascoe Vale has seen property prices show investors a 17.55% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Pascoe Vale, 3044. Typically our figures indicate that -6.58% is being offered, which puts this VIC suburb at 1688th most discounted overall in Australia.

A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.13%, without taking into account capital value appreciation, which has been averaging out at 6.00%.

Pascoe Vale is an average performer in VIC when comparing median price capital growth over the last year. Pascoe Vale gave property investors a good capital gain figure when compared to the rest of the state, with 3.56%.

Across a shorter period, Pascoe Vale, 3044 has seen a median price increase of 0.16% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Pascoe Vale, 3044. Typically our figures indicate that -5.54% is being offered, which puts this VIC suburb at 730th most discounted overall in Australia.

With the median price for a house in Pascoe Vale being $611000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.49%

Metrics i HOUSE UNIT
$780,500 $611,000
-1.33% 0.16%
-11.31% 3.56%
6.00% 4.94%
$470 $410
155 158
3.13% 3.49%
73.4166666666667 60.3837209302326

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 14886
Median household income ($/weekly) 1198
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1612 10.8
    25-34 years 2628 17.7
    35-44 years 2351 15.8
    45-54 years 1826 12.3
    55-64 years 1257 8.4
    Others 5212 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 5278 46.6
    Not Married 5094 45.0
    Defacto Relationship 959 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 9722 69.1
    Indonesia 405 2.9
    Japan 910 6.5
    United Kingdom 298 2.1
    Other 765 5.4
    Others 1977 14.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 219 1.6
    Christianity 9408 68.3
    Hinduism 291 2.1
    Islam 1208 8.8
    No Religion 2498 18.1
    Others 156 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 550 10.3
    $600-$799 475 8.9
    $1,000-$1,249 471 8.8
    $1,500-$1,999 682 12.8
    $2,000-$2,499 498 9.3
    Others 2653 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4636 40.0
    Not in the labour force 4289 37.0
    Employed, worked part-time 1904 16.4
    Employed, away from work 400 3.4
    Unemployed, looking for work 369 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 776 11.2
    Professionals 1716 24.7
    Technicians & trades workers 977 14.1
    Community & personal service workers 625 9.0
    Clerical & administrative workers 1223 17.6
    Others 1620 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 271 8.5
    Infants/Primary 1015 31.7
    Secondary 776 24.3
    Technical or Further Educational Institution 312 9.8
    University or other Tertiary Institutions 676 21.1
    Others 149 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9565 68.1
    Semi-detached, row or terrace house, townhouse 2795 19.9
    Flat, unit or apartment 1657 11.8
    House or flat attached to a shop, office 31 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2193 38.7
    Being purchased 1778 31.3
    Rented 1677 29.6
    Other tenure type 25 0.4
    Tenure Type
Census 2011, ABS
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