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Pascoe Vale South

POSTAL CODE: VIC, 3044
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A steady increase in median property prices over a five-year period in the suburb translates to a 3.96% capital gain.

Property investors in PASCOE VALE SOUTH enjoyed capital gains of 2.45% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also 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 $1,234,500.

Profits due to an upward trend in home prices there averaged 1.32% per annum over a 3-year period.

Home owners selling their properties and realtors in PASCOE VALE SOUTH usually have to wait an average of 88.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $685 mark, reflecting a 2.89% increase in returns based on the current median price in PASCOE VALE SOUTH.

PASCOE VALE SOUTH, 3044 places th in Australia based on median property value growth during the quarter.

Surburb overview

Pascoe Vale South is an inner suburb located approximately 8 kilometres north of Melbourne's Central Business District, within the City of Merri-bek.  According to the 2021 census, it has a population of 10,534 residents. 

The suburb's demographic profile reveals a median age of 41 years.  Most of the population comprises family households, with 37.3% wholly owned homes and 37.9% under mortgage.  The area is predominantly residential, featuring separate houses as the common property type. 

Public transportation in Pascoe Vale South is well-established. The suburb is serviced by tram route 58, which operates between West Coburg and Toorak, providing direct access to Melbourne's CBD.  Additionally, several bus routes connect residents to neighbouring suburbs and critical destinations. The suburb's proximity to major roads, including the Tullamarine Freeway, facilitates convenient access for motorists. 

Pascoe Vale South is equipped with essential establishments. The suburb features various parks and recreational facilities, including Brearley Reserve and Shore Reserve.  Healthcare facilities are accessible, with several medical centres and clinics in the surrounding areas. Educational institutions such as Pascoe Vale South Primary School serve the local community. 

Pascoe Vale South offers abundant recreational activities. The suburb features several parks and reserves, which provide facilities for sports and leisure activities. The Moonee Ponds Creek Trail offers opportunities for cycling and walking enthusiasts. Additionally, the nearby Coburg Lake Reserve provides further recreational amenities. 

Pascoe Vale South presents a suburban environment with a blend of residential amenities, public transport options, and recreational facilities, contributing to its community-oriented atmosphere.

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