Property investors enjoyed capital gains of 14.68% over the last 12 months in PASCOE VALE, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in PASCOE VALE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 50.25% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
On average, rents on listings have reached the $420 mark, reflecting a 2.46% increase in returns based on the current median price in PASCOE VALE.
PASCOE VALE, 3044 ranks 274th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 456th on the list of best yielding suburbs for rental properties in VIC, posting a 2.46% return.
Property investors have seen a 0.88% gain in PASCOE VALE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PASCOE VALE, 3044 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14%.
Based on its average 5-year and quarterly capital gains PASCOE VALE, 3044 saw average growth in the long term.
PASCOE VALE, 3044 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $570,000.
Profits due to an upward trend in home prices in PASCOE VALE, 3044 averaged 8.42% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in PASCOE VALE, 3044 is 3.47%.
An average of 19.75 real estate transactions take place per month in PASCOE VALE which translates to 237 per annum.
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