Pascoe Vale South (postcode 3044) is a well-established suburb in Victoria within the Moreland local government area. With a population of 10,534, the suburb has an established family demographic with a median age of 39. Households earn a median income of $117K per year, with an average household size of 2.7 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Italian, Australian.
Median house prices in Pascoe Vale South stand at $1.2 million, having dipped slightly by 1.8% over the last twelve months. Units have a median price of $730,000 (+7.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,167.
Pascoe Vale South is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 56 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved -1.8% year-on-year.