Newtown vs Pascoe Vale
Property investment comparison - Newtown, VIC 3220 vs Pascoe Vale, VIC 3044
Head-to-head across core investment metrics: Newtown wins 5, Pascoe Vale wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Newtown | Pascoe Vale |
|---|---|---|
| Median house price | $1.1M | $1.2M |
| Median unit price | $580K | $690K |
| Gross rental yield (houses) | 2.96% | - |
| Gross rental yield (units) | 4.25% | 4.24% |
| 1-year house growth | +3.8% | -0.1%estimate |
| 3-year house growth | -9.9% | - |
| Vacancy rate | 0.8% | 2.0% |
| Population | 10,445 | 18,171 |
Newtown vs Pascoe Vale: what the numbers say
The median house price is $1.1M in Newtown and $1.2M in Pascoe Vale, so Newtown is the cheaper entry point.
For units, Newtown sits at a median of $580K against $690K in Pascoe Vale, which makes Newtown the more affordable unit market and Pascoe Vale the pricier one.
Over the past year house prices moved +3.8% in Newtown and -0.1% in Pascoe Vale (an estimate), so recent momentum favours Newtown, while Pascoe Vale went backwards.
Rental vacancy is 0.8% in Newtown and 2.0% in Pascoe Vale, so landlords in Newtown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Pascoe Vale is the bigger suburb, with a population of 18,171 against 10,445, larger than Newtown; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Newtown for a lower purchase price, Newtown for recent price momentum, Newtown for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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