Suburb Profile Report for Pascoe Vale VIC (3044)

Pascoe Vale House: Median price $865,000, Annual capital growth 6.08%, Number of sales 152, Weekly median advertised rent $453

Pascoe Vale Unit: Median price $610,000, Annual capital growth 4.49%, Number of sales 267, Weekly median advertised rent $420

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

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

  • House Report
  • Unit Report

Pascoe Vale is in the TOP 20% in VIC when comparing median price capital growth over the last year. Pascoe Vale gave property investors a very good capital gain figure when compared to the rest of the state, with 8.13%.

Pascoe Vale,3044 has offered an average of 8.13% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Pascoe Vale should be aiming for at least -6.90% off the asking price, which is the average vendor discount being achieved at the moment.

A $452.5 per week rent on the median house gives suburb investors a gross yield of circa 2.72%, without taking into account capital value appreciation, which has been averaging out at 6.08%.

At number 946th in the list of Australian suburbs ordered by increase in median house value over the last year, Pascoe Vale, 3044 is in the BOTTOM 40% with a property value increase of -2.87% recorded in median house prices.

If we look at median property appreciation over just the last three months, Pascoe Vale has given property investors a paper return of -0.16%. This puts Suburb as 292 on a list of fastest fasting appreciating suburbs in VIC

At number 189th of VIC’s most discounted properties, Pascoe Vale is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$865,000 $610,000
1.76% -0.16%
8.13% -2.87%
6.08% 4.49%
$453 $420
152 267
2.72% 3.58%
80.8823529411765 59.3928571428572

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

DSR Score for property investment : Above average (H), 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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