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Pascoe Vale, VIC 3044

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Pascoe Vale, VIC 3044 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Pascoe Vale, VIC 3044”

  1. The total adult population (15 years or older) of Pascoe Vale 3044 VIC is 14,986, with a median age of 36. Of those, 43.95% are married, 10.12% are divorced or separated, 40.35% are single and 5.55% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,888. The median monthly mortgage repayment for households in this suburb is $2,100 which is 21.24% of their earnings.

    Source: ABS Census Data (2021)

  2. Suburb Overview

    The suburb of Pascoe Vale 3044 is nestled in Victoria and accommodates an estimated 8,850 households. It has sustained a dynamic and robust property market into Q3 of 2023.

    Property Market Analysis

    The typical price range for houses in Pascoe Vale 3044 has been established at $1,065,436 AUD. Mirroring a median weekly rent cost of $501, the suburb yields an indicative return of 2.45% for property investors. It’s worth noting though, that while this yield figure is sub-optimal since it sits below the minimum market attractive requirement of 3%, other robust and promising market indicators may potentially offset this shortcoming.

    When delving into the suburb’s socio-economic indicators, an IRSAD score of 1051 out of 1217 emerges. This highly favourable figure indicates an affluent resident population with access to significant economic resources and opportunities.

    The renters to owners ratio and units to houses ratio are both present at 35%. These figures lie slightly above the optimal range which might indicate a saturated rental market. This high rental market saturation can influence property investor decisions as it often signifies increased competition. However, it does not necessarily override the positive socio-economic attributes and potential stability of the suburb.

    The affordability index in this area, based on variables such as interest rates, median income, and property prices, approximately estimates that it would take 42 years to fully own a property. This is a slightly unfavourable factor since it is higher than the average 30-year period.

    On the supply side, the stock on the market percentage for houses is quite promising at 0.14%, indicating limited supply. The inventory level for houses mirrors this favourable condition at just 0.45 months. Furthermore, the building approvals Ratio for houses is non-threatening at 0.89%.

    In terms of demand, houses tend to stay on the market for an average of 24 days, suggesting high demand. This assertion is further supported by the vacancy rate which sits at a low 1.1% for both houses and units, indicating an environment of high demand versus limited supply.

    Lastly, the buy search index for houses is 3, which can be considered neutral, still indicating adequate demand.

    Closing Thoughts

    In conclusion, despite some metrics falling outside ideal ranges, Pascoe Vale 3044 exhibits certain compelling characteristics for property investors – namely a buoyant socio-economic picture, limited supply, and high demand. All of these contribute towards the attractiveness of this suburb’s property market. Utilising tools like the RCS metric by HtAG Analytics, which incorporates consideration of over 80 metrics, would further refine your investment decisions for the most favourable outcomes. Always bear in mind, understanding the prevailing market conditions and trends is critical in navigating your real estate investment journey.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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