Pascoe Vale is a well-established suburb in Victoria within the Moreland local government area (postcode 3044). With a population of 18,171, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $105K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Pascoe Vale is $1.0 million, having increased 2.2% over the past year. Units have a median price of $630,000 (+1.1% YoY). The median weekly rent is $400 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,100.
Pascoe Vale is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 3 rail stations, 67 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, Pascoe Vale offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +2.2% year-on-year.
Pascoe Vale is a well-established suburb in Victoria within the Moreland local government area (postcode 3044). With a population of 18,171, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $105K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Italian.
The median house price in Pascoe Vale is $1.0 million, having increased 2.2% over the past year. Units have a median price of $630,000 (+1.1% YoY). The median weekly rent is $400 (Census 2021). This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,100.
Pascoe Vale is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 3 rail stations, 67 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, Pascoe Vale offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 9.9x is considered moderate. House prices have moved +2.2% year-on-year.