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Pascoe Vale, VIC 3041

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

High Yield SuburbTight Rental Market

Median House

$1,050,000

Median Unit

$630,000

Gross Yield (houses)

4.2%

1yr Growth

-

Investment snapshot for Pascoe Vale

Pascoe Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Pascoe Vale market and investor summary

In Pascoe Vale, VIC 3041, the median house sells for around $1.1M, on a gross rental yield of 4.2% for houses. At 1.4% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking. Houses also take time to sell, around 63 days on market, so plan for a slower exit if you ever need one.

Living in Pascoe Vale: people, income and schools

Pascoe Vale has a resident population of roughly 18,171, a number that has held fairly steady over five years. At a median age of 40, it reads as skewed a little older, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $114,000 a year (about $2,190 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.

Families have 75 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Pascoe Vale sits about 9.7 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 58 for walkability and 80 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
18,171
+2% over 5yr
Median age
40 years
Median household income
$114,000/yr
Households renting
25%
Family households
73%
Socio-economic rank
9/10
ABS advantage index
Schools within 5km
75
avg ICSEA 1038
Unemployment
2.1%
Distance to CBD
9.7 km
Walk score
58/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Pascoe Vale

No properties currently listed in Pascoe Vale

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Frequently asked questions about Pascoe Vale

What should I check before investing in Pascoe Vale?

Pascoe Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Pascoe Vale?

The median property price in Pascoe Vale, VIC 3041 is $1.1M for houses and $630K for units.

What rental yield does Pascoe Vale show?

The gross rental yield in Pascoe Vale is 4.2% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

How tight is the rental market in Pascoe Vale?

The current vacancy rate in Pascoe Vale is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Pascoe Vale?

Pascoe Vale has a population of approximately 18,171 residents, with a median age of 40.

What schools are near Pascoe Vale?

There are 75 schools within roughly 5km of Pascoe Vale. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Pascoe Vale affordable to buy in?

A median house in Pascoe Vale costs about 9.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Pascoe Vale's population growing?

The population of Pascoe Vale has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Pascoe Vale from the CBD?

Pascoe Vale is about 9.7 km from the CBD.

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